3/7, 10:00 PM (Source: TeleTrader)
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Dow closes 800 pts lower amid ongoing Ukraine conflict

Major stock markets in the United States closed lower on Monday after Russia and Ukraine failed again to reach a solution to their ongoing conflict. Later, Washington and its allies agreed to increase their pressure on Moscow to end its operations. Russia responded with threats of suspending the Nord Stream 1 gas pipeline. The White House later admitted it has talked about energy and oil imports with Iran, Saudi Arabia, and Yemen.

The Dow Jones Industrial Average closed 2.38% or 799 points lower as American Express Co. sank by 7.99%. The Nasdaq 100 went down by 3.75% or 518 points, with Fortinet Inc. plunging by 13.14%. The S&P 500 declined by 2.94% as PVH Corporation plummeted by 15.37%.

The euro lost 0.58% to the dollar at 3:58 pm ET to sell for $1.08704.

Baha Breaking News (BBN) / JR