United States stocks ended sharply higher on Thursday, led by a 3 percent gain in the Nasdaq, in a dramatic market reversal as US President Joe Biden unveiled harsh new sanctions against Russia after Moscow began an all-out invasion of Ukraine.The S&P 500 rose more than 1 percent, ending a four-day slide amid worries over the escalating crisis. The Dow Jones also ended in positive territory.After consulting counterparts from the Group of Seven nations, Biden announced measures to impede Russia’s ability to do business in the world’s major currencies, along with sanctions against banks and state-owned enterprises.
Load More
Load More