Russia launched a large-scale missile and drone attack on Kyiv early Monday, killing at least 12 people and wounding dozens more. The barrage struck several residential high-rises, causing significant damage and leaving people trapped under the rubble. Ukrainian officials stated that Russian ballistic missiles struck their targets, highlighting growing vulnerabilities in the nation's air defenses amid a shortage of U.S.-made Patriot interceptor missiles.
The attack represents a significant escalation and comes just days after another deadly strike on the capital. Ukrainian President Volodymyr Zelenskyy is expected to press for more air defense systems at a NATO summit in Ankara later this week.
Market Impact: Despite the geopolitical news, U.S. markets were broadly positive. The S&P 500 rose 0.76% and the Nasdaq Composite surged 1.48%. The Dow Jones remained nearly flat, down 0.01%.