Stocks Open Lower, Oil Leaps as Ukraine Crisis Deepens

Stocks tumbled as investors assessed the latest sanctions against Russia. The Dow lost more than 450 points.

U.S.

stocks opened lower, oil prices jumped and Russian authorities scrambled to keep a grip on domestic markets, as investors rushed to adjust to geopolitical developments includingThe S&P 500 index dropped 1.2% in early Monday trading, while the tech-heavy Nasdaq Composite Index declined 0.8%. The Dow Jones Industrial Average fell 1.3, while the Cboe Volatility Index rose to the highest level in over a year.

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