Dow Jones Industrial Average stumbles on Tuesday

The Dow Jones tripped on Tuesday, falling to 42,850 before stabilizing.

Geopolitical tensions jilted equities as Russia bristles as Ukraine.

Markets broadly recovered their footing, but the Dow Jones remains down on the day.

The Dow Jones Industrial Average (DJIA) took a knee early Tuesday, backsliding to 42,850 during the early US market session after Russia lowered its threshold for nuclear weapon use after Ukraine deployed US-provided weapons within Russia’s borders. Equity market broadly recovered their stance for the day, however the Dow Jones remains hobbled, stuck near the day’s opening bids.

Russian President Vladimir Putin warned global markets that Russia’s self-imposed threshold for the use of nuclear weapons has been lowered after Ukraine forces deployed US-provided weapons within Russia’s borders as the small European country continues to fight back against Russia’s invasion. Brandishing nuclear weapons spooked investors, sparking a brief risk-off bid before flows normalized once again. Russia’s planned three-day invasion of Ukraine that began late February of 2022 is about to enter its thousandth day. 

US economic data releases remain thin in the front half of the trading week. Mid-tier Initial Jobless Claims are due on Thursday, and expected to show a slight uptick in the number of new unemployment benefits seekers for the week ended November 15. US S&P Purchasing Managers Index (PMI) activity figures will be the number to watch this week, but won’t be dropping on investors until Friday.