Not much happened on Wall Street on Friday until new reports emerged of a possible Russian attack on Ukraine. They made it in the afternoon New York time investors began selling off stocks and buying Treasury bonds.
According to CNBC, the Nasdaq Composite index lost 2.6 percent, the S&P 500 lost 1.9 percent, and the Dow Jones Industrial Average – 1.5 percent.
Energy stocks rose in line with the price of crude oil, and the Energy Select Sector SPDR index gained 1.8%. Diamondback Energy shares rose 2.2% and Devon Energy 2.6%.
Travel-related equities such as airlines are at the opposite extreme. For example, American Airlines shares were down 6 percent.
