EDITOR'S NOTE
The Dow Jones Industrial Average on Thursday posted its worst day of 2022 so far as investors' concerns about conflict at the Russia-Ukraine border intensified. The S&P 500 and Nasdaq Composite also closed in negative territory.
"U.S. stocks did not stand a chance today as risk aversion violently returned on growing fears of a Russian invasion of Ukraine," Oanda's Edward Moya said in a note Thursday. The U.S. Ambassador to the United Nations on Thursday said the conflict had reached a "crucial moment" and that Russia is moving toward "an imminent invasion." President Joe Biden echoed the ambassador's sentiment, warning that the threat of Russia invading Ukraine is "very high" and that an attack could come within "the next several days."
Investors fled riskier parts of the market and bid up safe-haven assets. Technology stocks were the worst-performing S&P 500 sector Thursday. Meanwhile, defensive stocks like consumer staples performed best, with the sector rising nearly 1%. Gold futures also settled up more than 1%, while U.S. 10-year Treasury prices rose.
All three major averages are on track to close the week lower.
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 ...



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