Nasdaq Tumbles Over 3 Percent at Open as Russia Invades Ukraine

Nasdaq Tumbles Over 3 Percent at Open as Russia Invades Ukraine
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Feb. 18, 2022. Brendan McDermid/Reuters
Reuters
Updated:

The Nasdaq Composite index tumbled at the open on Thursday, dropping more than 20 percent from its record closing high in November last year and on track to confirm a bear market, after Russia launched an all-out invasion of Ukraine.

The Dow Jones Industrial Average fell 301.43 points, or 0.91 percent, at the open to 32,830.33, falling more than 10 percent from its all-time closing peak on Jan. 4 and on pace to confirm a correction.