Stocks drop sharply as market eyes Fed, Ukraine tensions
Stocks drop sharply as market eyes Fed, Ukraine tensions
By DAMIAN J. TROISE
NEW YORK (AP) — Stocks fell sharply as investors anticipate inflation-fighting measures from the Federal Reserve and fretted over the possibility of conflict between Russia and Ukraine.
The stock market extended its three-week decline and put the benchmark S&P 500 on track to a so-called correction — a drop of 10% or more from its most recent high. The price of oil and bitcoin…
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