Nasdaq, S&P 500 gain, hit session highs after Biden comments on Russia - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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The Nasdaq and S&P 500 advanced in volatile afternoon trading on Thursday, with the Nasdaq up nearly 2% after US President Joe Biden unveiled harsh new sanctions against Russia after Moscow launched an all-out invasion of Ukraine.

He is imposing measures to impede Russia’s ability to do business in the world’s major currencies, along with sanctions against banks and state-owned enterprises.News of Russia’s invasion of Ukraine had sparked a selloff at the open.

“There was a knee-jerk reaction overnight to the invasion by Russia into Ukraine, but the situation is still developing,” said Lindsey Bell, investment strategist at Ally Financial in New York. The Dow Jones Industrial Average fell 282.93 points, or 0.85%, to 32,848.83, the S&P 500 gained 8.64 points, or 0.20%, to 4,234.14 and the Nasdaq Composite added 232.64 points, or 1.78%, to 13,270.13.

Ukrainian forces battled Russian invaders on three sides on Thursday after Moscow mounted an assault by land, sea and air in the biggest attack on a European state since World War Two.

 

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Home - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.SABC News brings you the latest news from around South Africa and the world, together with multimedia from the SABC's four TV and 18 radio stations. Only the siblings and dependent people will feel the heat You should create jobs and improve living standards by increasing safety and security in a crime ridden country! NewSouthAfrica SoSad GodHelpAfrica Dear President CyrilRamaphosa, we need an INCREASE in Jobs, investments, infrastructure and FDI and a Decrease in social grants recipients!!
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VIDEO PLAYLIST | SABC News special coverage on Russia-Ukraine conflict - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.VIDEO PLAYLIST | SABCNews takes a closer look at the conflict playing out in Europe between Russia and Ukraine. RussiaUkraineConflict Call Professor Cyril Hendricks there, she'll give a proper analysis Maybe take a closer look at SAn problems like Corporate Racism, Poverty, Landless Natives, Unemployment, Housing, access to Quality Health CARE, Youth Depression Levels, Electricity Tariffs, Police Presence, Roads, Petrol Price Hikes and Gov Schools. Niyeke iindaba zabantu. Nxa..
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