US stocks incurred strong losses when they closed the trading session yesterday, Tuesday, the first of March, as the Dow Jones index lost nearly 600 points at the close, with the escalation of tensions and the war between Russia and Ukraine, and speculation that Russia is close to entering the Ukrainian capital, Kyiv, after it intensified its bombing. Kharkiv is the second largest city in Ukraine.

The upcoming statements and news regarding the war from Russia and Ukraine have become the main driver of the markets.

Therefore, investors focus today on US President Biden’s speech in the American session in what is known as the Union speech, where Biden asserted that Putin launched a premeditated and unjustified war on Ukraine and rejected diplomatic efforts.

The rise in fears and tensions resulting from the Russian-Ukrainian conflict directly affects the morale of investors, and therefore the focus will be on the assets of safe havens, which stocks do not fall under their table.

At the level of companies, financial institutions and companies continue to disclose their financial results for the last quarter of last year this week.

The Dow Jones Industrial Average closed down by about (597) points at the close at 33.294 levels, a loss of about 1.76%, and is now trading in the futures for today’s session, Wednesday, at 33.424 levels, up by about 157 points.

While the S&P 500 index recorded declines at the close at 4.306 levels, down by about (67) points or 1.55%, and it is now trading in futures at 4.323 levels, up by about 19 points.

While the Nasdaq index recorded losses of (218 points) to close the session at 13.532 points, recording losses of about 1.59%, and it is now trading in the futures, up by about 77 points.