What to watch today: Wall Street set to sink after Russia’s invasion of Ukraine

What to watch today: Wall Street set to sink after Russia’s invasion of Ukraine

BY THE NUMBERS Thursday after Russia launched an invasion of Ukraine in the early morning hours. Dow and S&P 500 dropped more than 2% each. Nasdaq futures sank nearly 3%. Losses of this magnitude at the open would put the in a bear market, as defined by declines of 20% or more from recent highs. (CNBC) The on Wednesday joined the and Nasdaq in correction territory. The Dow and Nasdaq logged their . The S&P 500 saw its losing streak extend to four sessions in row. Investors the perceived safety of bonds, pushing prices higher and yields lower Thursday. The benchmark fell to 1.86%. (CNBC) and international oil prices more than 8% on Thursday, both topping $100 per barrel for the first time since 2014. Shares of American oil companies, including (CVX) and (XOM), were among the beneficiaries in premarket trading. The reason for the surge in energy prices: Russia is a major global producer of oil and natural gas, which surged 6% on Thursday. (CNBC) Any long-term spike in energy prices could exacerbate soaring inflation in the U.S. and complicate the 's path for multiple interest rate increases this year. On one hand, central bankers need to weigh the