Nasdaq drops over 1%, Dow falls over 600 pts as Russia attacks Ukraine

Dow set to confirm correction territory; oil stocks jump as crude tops $100/barrel

US stock indexes slid more than 1% on Thursday, led by losses in bank stocks, as Russia's all-out invasion of Ukraine sparked a widespread selloff in global markets.

On the benchmark S&P 500, all the 11 major sectors slipped into the red, with financial stocks falling 2.9%, while tech and consumer discretionary stocks lost more than 1% each.

Russian forces invaded Ukraine in a massed assault by land, sea and air, the biggest attack by one state against another in Europe since World War Two.

The escalation in conflict rattled financial markets as global shares slumped and oil prices broke above $100 a