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U.S. stock indexes on Tuesday were fighting to advance as Russia stepped up its shelling of Kharkiv, Ukraine’s second-largest city, in the sixth day of the invasion of the Eastern European country, which has drawn heavy sanctions from Western nations.
There hasn’t been any tangible progress made in direct talks between the Kremlin and Kyiv held in Belarus, though the two sides agreed to keep talking.
-
The Dow Jones Industrial Average
DJIA,
-0.78%
was down 68 points, or 0.2%, to 33,828. -
The S&P 500 index
SPX,
-0.51%
rose less than a point, or 0.1%, at 4,374. -
The Nasdaq Composite Index
COMP,
-0.41%
retreated 0.1% to around 13,767. -
The 10-year Treasury note
TMUBMUSD10Y,
1.767%
yields around 1.76%. -
West Texas Intermediate oil on the New York Mercantile Exchange
CL.1,
+6.45%
was trading 5.9% higher at $101.38 a barrel.
On Tuesday night, President Joe Biden will deliver the State of the Union address, which is likely to address the conflict in Ukraine, surging inflation and the COVID pandemic.
