Dow sheds 400 points to start the week as U.S., Europe increase sanctions on Russia

Tiger Newspress2022-02-28

U.S. stocks retreated on Monday morning as Russian and Ukraine officials gathered to discuss a potential end to the hostilities between the two sides.

The Dow Jones Industrial Average dropped 450 points, or about 1.4%. The S&P 500 fell 1.3% and the Nasdaq Composite lost about 1%.

In U.S. trading, defense stocks like Lockheed Martin and Northrop Grumman rose about 2%. Bank stocks were under pressure, with JPMorgan falling 2.8%.

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Comments

  • KH321
    2022-03-01
    KH321
    OK 
  • WaiSiong81
    2022-03-01
    WaiSiong81
    👍
  • lappiloco
    2022-03-01
    lappiloco
    Stocks are ded
  • PeterLim007
    2022-03-01
    PeterLim007
    Please give a like 👍. Thank you 🙏. 
  • robot1234
    2022-03-01
    robot1234
    Last year, US stock indices hit numerous ATH due to massive QE and zero interest rate. Now these steroid strategy is coming back to bite the US economy.Inflation is at 7.5%, highest since 1982 due to unlimited printing of money. The FED will be forced to terminate its zero interest rate regime, and to trim her massive $9 trillion balance sheet. The Ukraine crisis and trade disruption and sanctions will throw another spanner at the Biden Administration.
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