Post by Mya on Feb 12, 2022 15:30:16 GMT
The stock market sold off Friday. President Biden ordered 3,000 additional troops to Poland, amid concerns that Russia could invade Ukraine “any day now.”
Those were the words of national security Adviser Jake Sullivan, and they helped sink a market that was already slipping on concerns about inflation, the Federal Reserve and consumer sentiment. the Dow Jones Industrial Average dropped 504 points, or 1.4%, while the S&P 500 fell 1.9%, and the Nasdaq Composite plummeted 2.8%. The indexes finished higher than their lowest levels of the day.
“Stock traders quickly hit the ‘sell button’ after reports that the US expects Russia to move forward with invading Ukraine,” wrote Edward Moya, senior market analyst at Oanda.
www.barrons.com/articles/stock-market-today-51644574387
Those were the words of national security Adviser Jake Sullivan, and they helped sink a market that was already slipping on concerns about inflation, the Federal Reserve and consumer sentiment. the Dow Jones Industrial Average dropped 504 points, or 1.4%, while the S&P 500 fell 1.9%, and the Nasdaq Composite plummeted 2.8%. The indexes finished higher than their lowest levels of the day.
“Stock traders quickly hit the ‘sell button’ after reports that the US expects Russia to move forward with invading Ukraine,” wrote Edward Moya, senior market analyst at Oanda.
www.barrons.com/articles/stock-market-today-51644574387