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Market Pulse: Dow industrials open lower as President Biden says chance of Russia invasion of Ukraine ‘very high’

U.S. stock indexes fell modestly at Thursday’s start of regular trading, as investors wrestled with the threat of military conflict between Ukraine and Russia, with NATO accusing Moscow of misleading the world over troop withdrawals.

The Dow Jones Industrial Average
DJIA,
-0.74%

declined 0.7% to reach 34,697.

The S&P 500 index
SPX,
-0.77%

retreated 0.7% at 4.444.

The Nasdaq Composite Index
COMP,
-0.83%

was down 0.9% at 14,002

The 10-year Treasury note
TMUBMUSD10Y,
1.993%

yields pulled back and were around 2%, at last check Thursday

Gold futures
GC00,
+1.29%

GCJ22,
+1.29%

were trading 1.2% higher, adding to its climb toward highs not seen since June.

President Biden, on the South Lawn of the White House on Thursday morning, told reporters that a Russian invasion could happen in the next “several days,” and described the chance of conflict in the region as “very high.”

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