Stocks fall, this time on Ukraine worries, to cap rough week
By DAMIAN J. TROISE and STAN CHOE
AP Business Writers
NEW YORK (AP) — Stocks tumbled again Friday, and this time bond yields joined in the swoon as worries about an imminent Russian invasion of Ukraine piled onto Wall Street’s already heavy list of concerns about inflation and interest rates. The S&P 500 lost 1.9% after the White House encouraged all U.S. citizens to leave Ukraine within the next 48 hours, before possible military action by Russia. Similar, knee-jerk swings swept through other markets as investors pulled money out of riskier things like stocks and moved instead toward the safety of bonds and gold. The price of oil rose more than 3%.
