Dow falls 350 points as Russia-Ukraine tensions escalate, Biden announces sanctions; European markets close mixed as Russia-Ukraine tensions rise; European stocks close lower as investors monitor Ukraine-Russia crisis 
Stocks fell sharply once again Wednesday, as escalating tensions between Russia and Ukraine push the major averages to fresh lows for the year so far. 
The S&P 500 fell 1.8% to 4,225.50, closing nearly 12% from its Jan. 3 record close as it slid deeper into correction. The Dow Jones Industrial Average dropped 464.85 points to 33,131.76. The technology-focused Nasdaq Composite lost 2.6% to 13,037.49. 
Investors are also facing concerns about record inflation and the Federal Reserve’s monetary policy pivot which could result is rate hikes as soon as next month. 
Wall Street is betting that there’s a 100% chance of a rate hike at the Federal Reserve’s March meeting, according to the CME Group’s FedWatch tool.

The pan-European Stoxx 600 provisionally closed down by 0.3%, with retail shares slipping 1.8% to lead the losses. 
Barclays beat expectations as full-year net profit quadrupled in 2021, led by record performance in its corporate and investment banking division. The British lender’s shares gained 3%. 
Stellantis beat its profit target in the company’s first year following the merger of Fiat Chrysler and Peugeot maker PSA, posting an adjusted operating profit margin of 11.8% versus a 10% target. Shares jumped over 4%. 
Source: CNBC, Investing.com