1/25, 3:31 PM (Source: TeleTrader)
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US drops with Fed, Ukraine, earnings in focus

Stock markets in the United States opened with losses again on Tuesday as the earnings season ramped up, with quarterly reports from Johnson & Johnson, General Electric and Verizon, among others. Meanwhile, tensions on the Ukrainian border with Russia continued, with US President Joe Biden agreeing with Washington's European allies on the need to "deter further Russian aggression." Investors are also awaiting the Fed monetary policy statement on Wednesday.

The Dow Jones plunged 0.93% at 9:30 am ET or over 300 points, led by Visa Inc., which declined by 0.78%. The Nasdaq 100 lost 1.96% or 287 points at the same time as ASML Holdings NV plummeted by 5.78%. The S&P 500 dropped 1.31%, with Signature Bank falling 3.32%.

The euro traded 0.49% lower against the dollar, going for 1.12636 at 9:32 am ET.

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