NEW YORK (AP) — Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine. The rush into bonds pushed the yield on the 10-year Treasury back down to 1.77%, where it was in early February. Stock prices were mixed in the early going on Wall Street. The S&P 500 was bobbing between small gains and losses in the first few minutes of trading. European markets were lower.
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
NEW YORK (AP) — U.S. markets were headed for declines on Tuesday after talks between Russia and Ukraine aimed at ending the war yielded only an agreement to meet again.
On Wall Street, futures for both the S&P 500 and the Dow industrials slipped 0.7%. Major European indices fell sharply while Asian shares were mostly higher. Oil prices continue to spike and U.S. benchmark crude eclipsed $100 for the first time since the summer of 2014.
