Stocks Fall For Second Week In A Row As Russia-Ukraine Tensions Weigh On Markets

U.S. Secretary of State Antony Blinken told the United Nations on Thursday that the situation is at a “moment of peril,” with Russia and Ukraine exchanging fresh accusations of violating cease-fires at the border on Friday.

Meanwhile, investor anxiety about the Federal Reserve’s tightening monetary policy continues with the central bank expected to aggressively raise interest rates this year to combat decades-high inflation. Making matters worse, Wall Street experts are now warning that if the Federal Reserve raises rates too quickly that could spark a sharp economic downturn, market turmoil and even theInvestors also digested a slew of corporate earnings and news: Shares of video streaming service Roku fell over 20% as the company blamed slowing revenue growth on supply chain issues, and chipmaker giant Intel saw shares drop 5% after the company said it would need to boost spending to catch up with rivals.

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What to watch today: Stocks set to drop as Russia-Ukraine situation gets muddy againU.S. stock futures dropped Thursday as NATO accused Russia of adding forces at the Ukraine border not reducing them.
Source: CNBC - 🏆 12. / 72 Read more »