Wall Street Pulls Back on Fed, Ukraine Jitters

Wall Street Pulls Back on Fed, Ukraine Jitters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, on Feb. 15, 2022. Brendan McDermid/Reuters
Reuters
Updated:

U.S. stocks fell on Wednesday, with the tech-heavy Nasdaq leading losses after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy, while geopolitical tensions over Russia and Ukraine added to caution.

Eight of the 11 major S&P sectors fell, with technology and communication services leading to the decline. The energy index jumped 2 percent, tracking crude prices.