The Dow dropped about 500 points and oil prices climbed to a nearly eight-year high after the U.S. warned that Russia could soon invade Ukraine
U.S. stocks and bond yields sank Friday, as growing tensions between Russia and Ukraine sent investors flocking to safer assets.
The S&P 500 tumbled 1.9% as of the 4 p.m. ET close of trading. The Nasdaq Composite erased 2.8%. The Dow Jones Industrial Average lost 504 points, or 1%. All three major indexes were recently on track to end the week with losses of 1.1% or more.
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