U.S. Stocks Opened Low; Sea Shares Fell More Than 4%

Tiger Newspress2022-03-04

Stocks fell on Friday despite a stronger-than-expected jobs report as worrisome developments in Ukraine weighed on sentiment.

The Dow Jones Industrial Average dropped 390 points, or about 1.2%. The S&P 500 also declined 1%, while Nasdaq Composite moved down 0.7%. The Dow was on track for its fourth straight losing week.

Earnings reports drove some positive moves for stocks.Retailer Gap and restaurant chain Sweetgreen both surged after beating expectations. Chipmaker Broadcom rose after outpacing estimates for earnings and revenue.

Sea shares fell more than 4% after JP Morgan lowered its price target from $250 to $105.

Ocugen Inc. said Friday that the U.S. Food and Drug Administration has declined to issue an Emergency Use Authorization for Covaxin.Ocugen shares tumbled 20%.

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Comments

  • YTigger
    2022-03-07
    YTigger
    Like
  • KH321
    2022-03-06
    KH321
    OK
  • Chris68
    2022-03-06
    Chris68
    Good 
  • PearlynCSY
    2022-03-06
    PearlynCSY
    US has successfully pushed Russia to the corner and for her national security, is forced to launch an attack on Ukraine. US has always used this modus operandi to push her problems to the rest of the world. Now USD suddenly in demand again despite over $31 trillion national debt. Highest inflation rate since 1982 is now effectively pushed out to other int'l markets. US defence industry is laughing to the bank. Biden is feeling on top of the world. Just a matter of time before he will repeat the same strategy to instigate Taiwan to declare independence and pushes China to launch an attack
  • 1c7753c6
    2022-03-06
    1c7753c6
    Weo
  • Tanyl
    2022-03-05
    Tanyl
    Must buy SE in buy call
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