CNN —Markets experienced volatility Tuesday as investors weigh mounting tensions between Russia and the United States.
The turbulence comes after Moscow changed its nuclear doctrine following the Biden administration giving Ukraine permission to use longer-range weapons inside targets in Russia.
The attack comes just two days after the Biden administration gave Kyiv the green light to use the longer-range American weapons against targets inside Russia.
On Sunday, President Joe Biden authorized Ukraine to use the longer-range missiles inside Russia, ending a monthslong prohibition aimed to avoid drastically escalating the conflict.
“In our view, the underlying trends for the equity market remain positive, but this news provides an excuse for the market to give back some of its rally,” said Keith Lerner, chief market strategist at Truist Advisory Services.
Persons:
Dow, Biden, ”, Hogan, Joe Biden, Keith Lerner
Organizations:
CNN —, Nasdaq, Riley Wealth Management, Treasury, Russia’s Defense, Advisory
Locations:
Russia, United States, Moscow, Ukraine, “, Bryansk