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Market Pulse: Dow industrials and broader stock market struggles for altitude as Russia’s invasion of Ukraine enters sixth day

U.S. stock indexes on Tuesday were headed south as Russia stepped up its shelling of Kharkiv, Ukraine’s second-largest city, in the sixth day of the invasion of the Eastern European country, which has drawn heavy sanctions from Western nations.

There hasn’t been any tangible progress made in direct talks between the Kremlin and Kyiv held in Belarus, though the two sides agreed to keep talking.

The Dow Jones Industrial Average

was down 167 points, or 0.5%, to 33,723.

The S&P 500 index

fell 14 points, or 0.3%, at 4,360.

The Nasdaq Composite Index

retreated 0.4% to around 13,711.

The 10-year Treasury note

yields around 1.77%.

West Texas Intermediate oil on the New York Mercantile Exchange

was trading 5.9% higher at $101.38 a barrel.

 On Tuesday night, President Joe Biden will deliver the State of the Union address, which is likely to address the conflict in Ukraine, surging inflation and the COVID pandemic.

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