Any military action that disrupts energy supplies could send shockwaves through the global economy.
Stocks dipped in morning trade on Monday as investors keep a wary eye on the developing situation in Ukraine as Russian troops. The S&P 500 was moving between small gains and losses in the early going Monday. The Nasdaq was up 0.7% and the Dow Jones Industrial Average fell 0.6% as of 11:30 a.m. Eastern time. “Markets are belatedly waking up to the geopolitical risks posed by Russian military action against Ukraine,” Rabobank said in a report. Wall Street’s benchmark S&P 500 index lost 1.9% on Friday after the White House warned that Russia telling Americans there to leave within 48 hours — other governments including Russia pulled diplomats and their citizens out of the country. European markets were down sharply. Crude oil prices were down slightly and Treasury yields rose.
