Post by Mya on Feb 12, 2022 15:32:45 GMT
Volatility continued to rule Wall Street on Friday, with the Dow plunging more than 500 points and oil surging as investors reckoned with worrisome signs that Russia could soon invade Ukraine and growing fears about inflation.
Despite a positive start to the trading day, the three major U.S. indexes reversed course in the afternoon after White House national security adviser Jake Sullivan warned that there was a “distinct possibility” of military action within a “very swift time frame.”
By the market close, the tech-heavy Nasdaq had plunged nearly 2.8 percent, or 394.49 points, to 13,791.15. The broader S&P 500 index shed 1.9 percent, or 85.44 points, to settle at 4,418.64. the Dow Jones industrial average dropped 1.4 percent, or 503.53 points, to close at 34,737.
www.washingtonpost.com/business/2022/02/11/stocks-markets-inflation-february/
Despite a positive start to the trading day, the three major U.S. indexes reversed course in the afternoon after White House national security adviser Jake Sullivan warned that there was a “distinct possibility” of military action within a “very swift time frame.”
By the market close, the tech-heavy Nasdaq had plunged nearly 2.8 percent, or 394.49 points, to 13,791.15. The broader S&P 500 index shed 1.9 percent, or 85.44 points, to settle at 4,418.64. the Dow Jones industrial average dropped 1.4 percent, or 503.53 points, to close at 34,737.
www.washingtonpost.com/business/2022/02/11/stocks-markets-inflation-february/