Stocks fall, oil tops $100 a barrel as Ukraine war rages

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

NEW YORK (AP) — Stocks fell as soaring oil prices raised more concerns about how Russia’s escalating war on Ukraine may impact the global economy. Nervous investors again poured money into ultra-safe U.S. government bonds. The price of oil Tuesday to its highest level since 2014 as Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine. The S&P 500 fell 1.5%. The rush into bonds pushed the yield on the 10-year Treasury back down to 1.73%, where it was in January. In February, it had crossed back above 2% for the first time in over two years.