Stock A.S. Slid on Thursday, with the S & P 500 marked the largest daily decline in two weeks, as investors shifted to the defense sector and safe havens such as bonds and gold as geopolitical tensions between Ukraine flared.
After the pro-Moscow Ukrainian forces and pro-Moscow traded fire in East Ukraine, President Joe Biden said there was every indication of Russia planning to attack in the next few days and was preparing the pretext to justify it.
Russia accused the Biden of Stockings of tension and released a letter that was strongly said to say Washington ignored its security demands and threatened the “military-technical actions” that were not determined.
On Wall Street, the technology sector and growth-oriented communication services are the most difficult. Finance also decreases as a result of the US treasury.
Developments in Ukraine have added uncertainty about the path of the Federal Reserve tightening plan to combat inflation.
“There was a lot of nervousness out there and when we approached the weekend no one was resolved between Russia and Ukraine,” said Michael James, Managing Director, Trade Equity at Wedbush Secureses in Los Angeles.
“Sustainable weaknesses, especially in the name of growth, are indicative of increasing nervousness and sellers who are constantly being swamp buyers in almost every share.”
The defensive utility sector (.spllcu) and consumer staples (
Dow Jones Industrial Average (.DJI) fell 622.24 points, or 1.78%, to 34.312.03, S & P 500 (.SPX) lost 94.75 points, or 2.12%, to 4,380.26 and The Nasdaq Composite (.ixic) fell 407.38 points, or 2.88%, up to 13,716.72.
The decline in Dow is the largest daily percentage decrease since November 30 while the NASDAQ decline is the biggest percentage of reduction since February 3.
With the end of the income season on the horizon, the Nvidia Chipmaker (NVDA.O) fell 7.51% as a flat dirty margin and worries about his presentation to the Crypto market in overspearing optimistic quarter revenue estimates, and helped provide the Philadelphia (.sox) semiconductor index. this week. Read more
TripAdvisor JS (Trip.o) lost 2.50% after the hotel search website operator posted a fourth-quarter loss of a surprise. Albemarle Corp (Alb.n) dropped 19.91% as a lithium producer estimates annual income.
When risk aversion encourages lower bond yields, major banks including JPMorgan Chase (JPM.N), Morgan Stanley (MS.N) and Bank of America (bac.n) are all lost. Goldman Sachs (GS.N) and Wells Fargo fell even after a positive view of the lender. Read more
Gold is another beneficiary of a step towards a safer asset, touching the highest eight months of $ 1,900.99 an ounce. Read more
Among other big drivers, DoordaSh Inc. (Dash.n) jumped 10.69% after reporting quarterly revenue optimistic because the request for food delivery showed no signs of slowing. Read more
HASBRO INC (HAS.O) rose 2.09% after investors Activist Alta Fox Capital Management nominated five directors to the Board of Tokyaker and urged change including spin-off housing units such as “Dungeons & Dragons”.
The problem declining exceeds the advancing amount on the NYSE with a 2.81-to-1 ratio; On the Nasdaq, the ratio of 3.63-to-1 is preferred by the decliner.
The S & P 500 posted 6 highs of 52 weeks and 19 new lows; The Nasdaq Composite recorded 27 new highs and 249 new lowest.