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Wall Street extends selloff on Ukraine worries

Nasdaq led the day's decline, falling more than 2 percent, while the information technology sector dropped 2.6 percent and was the biggest drag on the S&P 500

February 24, 2022 / 06:17 AM IST

Wall Street's major indices ended sharply lower on Wednesday, extending their recent rout as Ukraine declared a state of emergency and the US State Department said a Russian invasion of Ukraine remains potentially imminent.

The State Department added that Washington has not seen any indication of Russians backing away, while the White House said President Joe Biden has no intention of sending US troops to fight in Ukraine.

Earlier, the West unveiled more sanctions against Russia over its move into eastern Ukraine, and Moscow began evacuating its Kyiv embassy.

Nasdaq led the day's decline, falling more than 2 percent, while the information technology sector dropped 2.6 percent and was the biggest drag on the S&P 500.