Markets experienced volatility on Tuesday as tensions between Russia and the United States escalated. The Dow initially dropped about 450 points after the opening bell but later rebounded, down around 200 points or 0.5% in recent trading. Similarly, the S&P 500 and Nasdaq also recovered from early losses.
The increased volatility follows Moscow's decision to change its nuclear doctrine in response to the Biden administration granting Ukraine permission to use longer-range weapons against targets in Russia. This move has raised concerns among investors about the intensifying Russia-Ukraine conflict.