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Market Pulse: All 11 sectors of S&P 500 sink Thursday as fear of military clash between Russia and Ukraine builds


All 11 sectors of the S&P 500 index were trading in negative territory Thursday morning, led by a sharp slide in financials

and technology

Even the energy sector
which has been buoyant, amid the rising belligerence between Russia and Ukraine were trading lower, were under pressure, down 0.4%.

Financials were down 1.8% and tech was off by nearly 2%. Consumer staples

were attempting to punch into positive territory but were off less than 0.1%, at last check Thursday morning.

President Joe Biden told reporters Thursday morning that a Russian invasion could happen in the next “several days.” U.S. Secretary of State Antony Blinken was set to speak about “Russia’s threat to peace and security” at a United Nations Security Council meeting at 10 a.m. Eastern time, the State Department announced.

The S&P 500 index

was trading 1.2% lower at 4,421, the Dow Jones Industrial Average

was down 1.2% at 34,527, and the Nasdaq Composite Index

also was off 1.2%.

London Markets: London’s main stock index under pressure pressured as commodity prices fall

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