Global Markets Slide Amid Escalating US-Russia Tensions
Major U.S. stock indexes, including the Dow Jones Industrial Average, fell on Tuesday amid escalating tensions between the U.S. and Russia, with the Dow dropping 1% or 450 points. The decline follows President Biden's authorization for Ukraine to use U.S.-supplied missiles against Russia, prompting a response from President Putin. Key market movers included Walmart, which rose 3% after surpassing earnings expectations, and Nvidia, which attempted to recover from recent losses. Meanwhile, housing starts and building permits for October were lower than anticipated.