Stocks ended sharply lower Wednesday, with the S&P 500 slipping further into correction territory as fears mounted of a full-scale Russian invasion of Ukraine. The Dow Jones Industrial Average DJIA, -1.38% shed around 465 points, or 1.4%, to close near 33,132, while the S&P 500 SPX, -1.
84% dropped around 79 points, or 1.8%, ending near 4,226. The Nasdaq Composite COMP, -2.57% ended near 13,038, down around 344 points, or 2.6%. A senior U.S. defense official on Wednesday said Russian forces massed along Ukraine's borders are"as ready as they can be" for an invasion, if ordered to launch it, the Associated Press reported.
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S&P 500 confirms correction as stocks stumble on war fearsGeopolitical concerns have added to recent worries about the possible path of the Federal Reserve's interest rate hikes. Correction? The ‘correction’ has only just begun. This market is being held up by funny money… It was already beginning its tumble back to earth before there were ‘war fears.’ We are about to see a historical fall in the markets… **not financial advice**
Source: Reuters - 🏆 2. / 97 Read more »
Stocks Futures Edge Lower After Russia Orders Troops Into UkraineOil prices jumped, while U.S. futures fell, after Russian President Vladimir Putin ordered troops into two breakaway areas of Ukraine, explains ahirtens WSJWhatsNow ahirtens 🇷🇺Russia Embassy said ; Lavrov: ' Russia is not threatening anyone & doesn’t want to. Yet we r being threatened with ‘catastrophic consequences’ & ‘unprecedented sanctions’. Have U ever heard us say anything of this kind? ' ukraine ahirtens The odds are against the West in this developing energy war ahirtens Will the continuing decline of the stock market wake more people up? People might not care about Russia, or even love them like certain Fox clowns, and not be able to find Ukraine on the map, but they sure notice when they lose thousands of dollars daily.
Source: WSJ - 🏆 98. / 63 Read more »