U.S. Stocks Extend Losses on Tensions Over Ukraine: Markets Wrap
- U.S., U.K. advise citizens to leave Ukraine as tensions mount
- Yield on 10-year Treasury note declines to session low
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Stocks dropped, while investors sought safety in Treasuries as the U.S. warned Russia could take offensive military action against Ukraine as early as next week.
Risk assets added to weekly losses as the U.K. and U.S. advised citizens to leave Ukraine as tensions with Russia rise. Oil spiked higher as a Russian attack could lead to harsh sanctions from the U.S. Russia has repeatedly rejected charges it plans to invade Ukraine.