Kiplinger: Stock Market Today: Markets Turn Tail as Ukraine Invasion Risk Rises

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(Kiplinger- Stock Market Today)

Warnings that Russia is heading toward an ‘imminent invasion’ of Ukraine sent investors back toward the exits Thursday.

Ukraine-Russia tensions wrested control of investor sentiment from the Fed in a difficult session for the broader markets, which was exacerbated by a few pieces of disappointing economic news.

On Thursday, both U.S. President Joe Biden and British Prime Minister Boris Johnson warned that the shelling of a kindergarten in Ukraine’s eastern Donbas region might be a “false-flag operation” meant to give Russia an excuse to invade the country.

“The evidence on the ground is that Russia is moving toward an imminent invasion,” Linda Thomas-Greenfield, U.S. Ambassador to the United Nations, told reporters. “This is a crucial moment.”

Also sending stocks in the wrong direction were a few weak reports, led by initial unemployment claims that came in at 248,000 for the week ended Feb. 12 – well ahead of expectations for 219,000 filings and up from last week’s upwardly revised 225,000.

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