Dow futures sink nearly 700 points, oil prices spike as Putin authorizes invasion of Ukraine

U.S. stock-index futures were tumbling Wednesday night, extending an earlier decline on Wall Street, as Russian President Vladimir Putin authorized a “special military operation” in Ukraine.

CNN on Wednesday night was reporting a cavalcade of explosions near Kyiv, the Ukrainian capital. The assault came after Putin delivered a speech on Russia media announcing the operation. President Joe Biden condemned the invasion as “unprovoked and unjustified.”