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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Worries over Ukraine Invasion Pummel US Stocks, Lift Oil Prices

United States Ukraine United Kingdom Russia Jake Sullivan White House Beijing Winter Olympics
File: Both the Dow and S&P finished at new peaks on Friday and also posted their fourth consecutive weekly gains. AFP/Angela Weiss

Wall Street stocks tumbled and oil prices surged Friday as White House warnings of a possibly imminent Russian invasion of Ukraine reverberated through financial markets.

Markets lurched during a briefing by US National Security Advisor Jake Sullivan, who said a Russian invasion could "begin at any time," including during the Beijing Winter Olympics, AFP said.

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