Stock markets in the United States were in the red Thursday after Russia launched an invasion into Ukraine.

The Dow Jones Industrial Average was down by more than 700 points, or 2.13%, after opening following the deadly Russian invasion. The S&P 500 retreated by 1.5%, and the Nasdaq composite was off by about 1%. The attack, which began early Thursday morning local time, has generated uncertainty in the markets and fears about how a lengthy war could affect the global economy.

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