Wall Street Drops at Open as Ukraine Tensions Weigh at Start of Crucial Week

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A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, on Jan. 21, 2022. (Brendan McDermid/Reuters)

U.S. stock indexes dropped at open on Monday, extending last week’s bruising selloff, as concerns about soaring tensions between Russia and the West over Ukraine hit risk appetite ahead of a key Federal Reserve policy meeting later this week.

The Dow Jones Industrial Average fell 194.76 points, or 0.57 percent, at the open to 34,070.61. The S&P 500 opened lower by 41.62 points, or 0.95 percent, at 4,356.32, while the Nasdaq Composite dropped 287.43 points, or 2.09 percent, to 13,481.50 at the opening bell.

Reuters

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