US benchmark equity indexes displayed mixed performance as trading neared its close on Tuesday, amid increasing tensions between Russia and Ukraine. The Nasdaq Composite gained 0.9%, reaching 18,964.2, while the S&P 500 saw a modest increase of 0.3% to 5,912.6. Conversely, the Dow Jones Industrial Average experienced a decline of 0.3%, settling at 43,251.4.
In terms of sector performance, technology led the gains, whereas energy faced the most significant decline. Recent developments have seen Ukraine attacking a Russian weapons arsenal using US-made missiles. This information was reported by CNN, citing two US officials. The Biden administration has recently authorized Ukraine to deploy longer-range American weapons against targets within Russia. In the bond market, the yield on the US 10-year treasury note fell by 2.8 basis points to 4.39%, while the two-year treasury rate dropped by one basis point, ending at 4.28%. Key earnings announcements are on the horizon, with Keysight Technologies scheduled to release its latest quarterly financial results after the market close, alongside other companies. Meanwhile, West Texas Intermediate crude oil experienced a price increase of 0.7%, reaching $69.65 a barrel..