Stock Market Today – 9/6: Stocks End Lower, Dollar Gains As Europe’s Energy Crisis Deepens: Fed In Focus

Updated at 4:15 pm EST

Stocks finished lower Tuesday, while the dollar traded past its highest levels in two decades on foreign exchange markets, as investors eased out of risk markets amid concerns over Europe’s escalating energy crisis and a hawkish Federal Reserve.

Russia’s decision to halt the flow of natural gas to Europe from its key Nordstream 1 pipeline, a move it first linked to repairs but acknowledged Monday was in retaliation for economic sanctions and would last “indefinitely”, threatens to add further pressure to the region’s cost of living crisis while ensuring that inflation continues to test all-time highs.