At least 10 killed in Ukraine's Kharkiv as Russian missile hits apartment building

KYIV, Ukraine (AP) — Two children were among at least 10 people killed on Saturday in a Russian missile that hit a five-story residential building in Ukraine's second-largest city, Kharkiv, officials said. Sixteen others were wounded.

President Volodymyr Zelenskyy condemned the attack and called for an international response. He said that Russia struck Ukraine overnight with 29 missiles and 480 drones, targeting energy facilities in Kyiv and other central regions and with damage reported in at least seven other locations across the country.

According to preliminary data, air defense systems downed 19 missiles and 453 drones with hits from 9 missiles and 26 strike drones recorded at 22 locations.

In Kharkiv, in Ukraine's northeast, emergency workers were combing the rubble, looking for survivors. Among the dead was a primary schoolteacher and her son, a second-grade student, who were killed in their home and an eighth-grader who also died with her mother, according to the city's mayor, Ihor Terekhov.

The regional Prosecutors's Office said the building was hit by a new Russian cruise missile, known as Izdeliye-30. Ukrainian reports said that the new subsonic air-launched weapon that Russia has recently started to use against Ukraine has a range of 1,500 kilometers (930 miles) and is equipped with a new satellite navigation system more resistant to jamming.

In the Kyiv region, damage from debris was reported in three districts, according to local authorities. In the southern Odesa region, 80 firefighters were called in to help battle massive fires at infrastructure facilities following an attack with multiple drones. Ukraine’s state rail operator Ukrzaliznytsia said damage to the rail infrastructure forced changes to a number of routes in the center-west of the country.

Russia's Defense Ministry said the overnight strike targeted Ukrainian military factories, energy facilities and air bases.

“There must be a response from partners to these savage strikes against life,” Zelenskyy said in a post on X. “Russia has not abandoned its attempts to destroy Ukraine’s residential and critical infrastructure, and therefore support must continue. We count on active work with the European Union to guarantee greater protection for our people. I am grateful to everyone who helps strengthen our protection.”

Russia has fired tens of thousands of Iranian-designed drones at Ukraine since it invaded its neighbor just over four years. It has launched a large-scale domestic production of them and battered Ukraine with hundreds of drones in a single night — more than were used during some entire months in 2024.

Iran has responded to joint U.S.-Israeli strikes by launching the same type of Shahed drones at countries in the Middle East.

Zelenskyy said he had received a U.S. request for support to defend against the Iranian drones in the Middle East and had given the order for equipment to be provided along with Ukrainian experts.

The war in the Middle East has drawn international attention away from Europe’s biggest conflict since World War II, and forced the postponement of a new round of U. S.-brokered talks between Russia and Ukraine planned for this week.

Bodies of local residents lie on the snow in plastic bags near a damaged apartment building following Russia's missile attack in Kharkiv, Ukraine, Saturday, March 7, 2026. (AP Photo/Andrii Marienko)

Rescuers carry a body that they extracted from under the rubble of an apartment building following Russia's missile attack in Kharkiv, Ukraine, Saturday, March 7, 2026. (AP Photo/Andrii Marienko)

Firefighters put out the fire in the ruins of an apartment building following Russia's missile attack in Kharkiv, Ukraine, Saturday, March 7, 2026. (AP Photo/Andrii Marienko)

Firefighters put out the fire in an multi-storey apartment building following a Russian missile attack in Kharkiv, Ukraine, Saturday, March 7, 2026. (AP Photo/Andrii Marienko)

Firefighters put out the fire in an multi-storey apartment building following a Russian missile attack in Kharkiv, Ukraine, Saturday, March 7, 2026. (AP Photo/Andrii Marienko)

Firefighters battle a fire in an story apartment building following a Russian missile attack in Kharkiv, Ukraine, Saturday, March 7, 2026. (AP Photo/Andrii Marienko)

Firefighters put out the fire in an multi-storey apartment building following a Russian missile attack in Kharkiv, Ukraine, Saturday, March 7, 2026. (AP Photo/Andrii Marienko)

NEW YORK (AP) — The U.S. stock market is slipping Thursday following a rebound for oil prices and mixed reports on the U.S. economy.

The S&P 500 fell 0.4% and is on track for a fourth drop in five days after setting its all-time high. The Dow Jones Industrial Average was down 24 points, or less than 0.1%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.5% lower.

A halt in the torrid run for stocks benefiting from the artificial-intelligence boom has slowed the U.S. market recently. Not even another blowout profit report from Nvidia was enough to kick it back into gear.

The chip company reported much stronger profit and revenue for the latest quarter than analysts expected, while also forecasting revenue for the current quarter that cleared analysts’ estimates. “The buildout of AI factories — the largest infrastructure expansion in human history — is accelerating at extraordinary speed,” CEO Jensen Huang said.

Such performances and such talk have become routine, though, and Nvidia's stock swiveled between losses and gains before slipping 1.1%.

Some analysts said the muted reaction may have simply been because investors were locking in profits after Nvidia’s stock had soared nearly 70% over the prior year, more than double the S&P 500’s 27% jump. The broad AI industry is also getting criticism for becoming too expensive, as well as too circular as Nvidia has bought ownership stakes in companies that use its own chips that drive Nvidia’s revenue.

Pressure built on Wall Street, meanwhile, as the price for a barrel of Brent crude oil climbed 2.2% to $107.32 and trimmed its loss for the week. Oil prices have been swinging up and down with uncertainty about how long the war with Iran will keep the Strait of Hormuz shut, which is preventing oil tankers from exiting the Persian Gulf to deliver crude.

That helped push Treasury yields upward in the bond market, resuming their climbs following a slowdown the day before.

Climbing yields worldwide have cranked up the pressure on financial markets. They're slowing economies and weighing on prices for stocks and all kinds of other investments. Besides driving up rates for mortgages, high yields could also curtail companies’ borrowing to build the AI data centers that have been supporting the U.S. economy’s growth recently.

The yield on the 10-year Treasury rose to 4.61% from 4.57% late Wednesday.

It had gotten near 4.63% earlier in the morning, after a report gave the latest signal that the U.S. job market remains in better shape than economists expected. The number of U.S. workers applying for unemployment benefits last week unexpectedly declined in an indication of fewer layoffs.

But yields then eased a bit following a discouraging preliminary report on U.S. business activity. Companies are feeling the effects of accelerating inflation and are seeing subdued growth in their order books, preliminary data from an S&P Global survey said.

“The damaging economic impact from the war in the Middle East is becoming increasingly evident in the business surveys,” according to Chris Williamson, chief business economist at S&P Global Market Intelligence.

Inflation is worsening even beyond the high oil prices caused by the Iran war, while U.S. households are showing widespread discouragement about the economy.

Elsewhere on Wall Street, Walmart fell 6.7% following its profit report. The retailer delivered another quarter of impressive revenue but offered up weaker forecasts for upcoming profit than analysts expected.

On the winning side of Wall Street was Ralph Lauren, which jumped 10.5% after reporting stronger profit and revenue for the latest quarter than analysts expected.

In stock markets abroad, indexes were mixed in Europe following big jumps in some Asian markets.

South Korea’s Kospi Kospi soared 8.4% thanks to strength for technology stocks. Samsung Electronics jumped 8.5% after its labor union and management reached an agreement late Wednesday that averted a potentially costly strike. SK Hynix, a chip company partnering with Nvidia, surged 11.2%.

Tokyo’s Nikkei 225 jumped 3.1%, though indexes fell 1% in Hong Kong and 2% in Shanghai.

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

Trader Aaron Ford works on the floor of the New York Stock Exchange, Thursday, May 7, 2026. (AP Photo/Richard Drew)

Trader Edward McCarthy works on the floor of the New York Stock Exchange, Wednesday, May 13, 2026. (AP Photo/Richard Drew)

A Global Medical Response helicopter sits in front of the New York Stock Exchange before the planned IPO of GMR Solutions, Inc., Wednesday, May 13, 2026. (AP Photo/Richard Drew)

A person walks in front of an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 18, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)

Currency traders watch monitors at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2026. (AP Photo/Ahn Young-joon)

A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won, left, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2026. (AP Photo/Ahn Young-joon)