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Reuters
Reuters
Politics

Stocks down after Russian forces invade Ukraine, safe-havens shine

Ukraine Russia United States Europe US Federal Reserve World War Two NC
Cars drive towards the exit of the city after Russian President Vladimir Putin authorized a military operation in eastern Ukraine, in Kyiv, Ukraine February 24, 2022. REUTERS/Valentyn Ogirenko

Russia invaded Ukraine by land, air and sea on Thursday, confirming the West's worst fears with the biggest attack by one state against another in Europe since World War Two.

Stock markets around the world slumped. The S&P 500 was off 1.2%, and the Nasdaq was off 0.35%. Investors shifted money into safe havens like U.S. Treasuries and gold. Wall Street's fear gauge, the VIX, jumped to its highest in a month.

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