Dow falls 350 points as Russia-Ukraine tensions escalate, Biden announces sanctions; European markets close mixed as Russia-Ukraine tensions rise 
Stocks fell Tuesday, as intensifying tensions between Russia and Ukraine dented market sentiment to start the week. 
The Dow Jones Industrial Average dropped about 350 points, dragged down by a 9.5% loss in Home Depot. The S&P 500 fell 0.6%, and the Nasdaq Composite slipped more than 0.7%. The U.S. stock market was closed Monday due to the Presidents’ Day holiday. Oil prices rose, with West Texas Intermediate futures jumping 3% to $95.19 per barrel. 
Home Depot reported quarterly profit of $3.21 a share, three cents better than estimates, and said it sees earnings and revenue growth this year. Shares, however, fell more than 9%. 
Meanwhile, Macy’s dropped more than 4% despite beating on the top and bottom lines of its quarterly results. Macy’s also authorized a new $2 billion share buyback program and announced a 5% dividend increase. 

The pan-European Stoxx 600 index closed just 0.02% below flatline, having recovered losses of more than 1.8% shortly after the open. Autos gained 0.8% while retail stocks slipped 1%. 
In terms of individual share price movement, Porsche Automobil Holding and Volkswagen gained 11% and 7.8% respectively after confirming advanced discussions about a potentially record-breaking IPO for Porsche. 
Source: CNBC, Investing.com