Dow drops 700 points as market sell-off continues on fears Russia-Ukraine war will slow economy; European stocks close lower on fears Russia-Ukraine crisis will lead to ‘stagflation’ 
Stocks fell again on Monday, following four straight weeks of declines, as investors grew increasingly concerned higher energy prices stemming from the Russia-Ukraine conflict would slow the economy while raising inflation. 
The Dow Jones Industrial Average lost about 720 points, or 2.1%. The S&P 500 declined 2.6%, falling deeper into correction territory. The 500-stock average sits nearly 12% from its record close. The Nasdaq Composite lost 3%, and not sits 19% from its all-time close. 
The pan-European Stoxx 600 index closed down 1.1%, paring back some of its earlier losses. Banks and autos both slid over 3% to lead losses while oil and gas stocks jumped more than 4% as oil prices surged. In terms of individual share price movement, Austrian bank Erste Group fell more than 9% to the bottom of the Stoxx 600. 
Energy stocks rose alongside the price of oil. Baker Hughes added 5%. Chevron added 1.4%. Exxon Mobil rose 2%. 
Meanwhile, bank stocks were among the biggest losers, on Monday with Citigroup down 1.4% and U.S. Bancorp down 3% as investors grew concerned about slowing economic growth. 
McDonald’s, Starbucks and Nike fell on Monday on concern about $4 gas prices hitting consumers’ wallets. 
Bed, Bath & Beyond soared 26% after GameStop Chairman Ryan Cohen revealed he had a nearly 10% stake in the retailer, through his investment company RC Ventures. 

The pan-European Stoxx 600 index closed down 1.1%, paring back some of its earlier losses. Banks and autos both slid over 3% to lead losses while oil and gas stocks jumped more than 4% as oil prices surged. 
Source: CNBC, Investing.com