The situation in Russia and Ukraine was further tense, the market sold risky assets such as stocks, and oil prices also rose. In addition, U.S. consumer confidence plummeted, coupled with rising inflation forecasts in the near-term, U.S. stocks also fell.

The Dow Jones Industrial Average fell 503.53 points, or 1.4%, to 34,738.06.

The S&P 500 fell 85.44 points, or 1.9%, to 4,418.64.

The Nasdaq lost 394.48 points, or 2.8%, to 13,791.16.

Sporting goods manufacturer Under Armour  reported better-than-expected quarterly earnings and revenue, but management said that the supply chain will continue to be affected in the next few months, and high freight rates will also affect earnings performance. The stock price fell 12.5%. Goodyear Tire & Rubber Co.  quarterly net profit growth was significantly higher than expected, but its free cash flow prospects were poor, and its stock price fell 27.4%.