Wall Street plunges as Russia invades Ukraine

Wall Street fell sharply at the opening on Thursday following the Russian invasion of Ukraine.

The Dow Jones Industrial Average plunged more than 800 points or approximately 2.5 per cent.

Panicked investors fled for the safety of fixed income assets as markets reacted to the worst case geopolitical scenario on the back of the impact of sky-high inflation.

The tech-heavy Nasdaq Composite fell 2.5 per cent on Thursday putting it into bear market territory — down more than 20 per cent from its high in November 2021.

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