Dow & NASDAQ close lower for the 4th consecutive day. S&P lower for the 3rd day.

The major US stock indices are all closing lower. Russia/Ukraine tensions escalate which lead to the continuation moved to the downside

• The Dow industrial average and NASDAQ index are down for the fourth consecutive day
• The S&P index is down for the third consecutive day.
• The Dow and Russell 2000 lead the way to the downside today with declines of over 1.4%

A look at the final numbers shows:

• Dow fell -482.57 points or -1.42% at 33596.62
• S&P fell -44.15 points or -1.01% at 4304.77
• Nasdaq fell -166.54 points or-1.23% at 13381.53
• Russell 2000 fell -29.16 points or -1.45% at 1980.30

The Biden administration announced that the US would impose sanctions on:

• Two Russian banks
• On Russian elites, family members
• On Russian sovereign debt

There could be more to come if things continue to escalate.

The markets tried to rally after Bidens speech, but the momentum faded into the close.