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%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（61）

YTigger
·2022-03-07
Like
Reply
1
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KH321
·2022-03-06
OK
Reply
1
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Chris68
·2022-03-06
Good
Reply
2
Report
PearlynCSY
·2022-03-06
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
Reply
2
Report
1c7753c6
·2022-03-06
Weo
Reply
1
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Tanyl
·2022-03-05
Must buy SE in buy call
Reply
4
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Ray19
·2022-03-05
Like
Reply
3
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robot1234
·2022-03-05
Dow sheds 180 points, slides for 4th straight week as Ukraine war weighs on markets. Wonder will it continue to slide for another 4th straight week?
Reply
3
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PearlynCSY
·2022-03-05
European stocks log worst week since March 2020, down 7%, as Ukraine war roils global markets. And Dow sheds 180 points, slides for 4th straight week as Ukraine war weighs on markets. The Ukraine crisis will definitely add fuel to be record high inflation in many parts of the world esp Europe and US. Can expect more volatility and downward pressure on equities
Reply
4
Report
Kazren
·2022-03-05
Ok
Reply
2
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YueShan
·2022-03-05
Hope is time to rise up⭐⭐⭐
Reply
2
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Looyusooi
·2022-03-05
Ok
Reply
3
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Thomas K.
·2022-03-05
[Facepalm]
Reply
4
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Gladys8jk
·2022-03-05
😅
Reply
4
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Waka Tiger
·2022-03-05
😀
Reply
5
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NewbieEP
·2022-03-05
still going down
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5
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WaiSiong81
·2022-03-05
👍
Reply
4
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Toby_Chua
·2022-03-05
Those no profit n burn cash companies like Sea n Grab will decline further with rate hike
Reply
2
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KCKHOO
·2022-03-05
Thanks
Reply
2
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pkyon
·2022-03-05
Oof
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2
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Wonder will it continue to slide for another 4th straight week?","listText":"Dow sheds 180 points, slides for 4th straight week as Ukraine war weighs on markets. Wonder will it continue to slide for another 4th straight week?","text":"Dow sheds 180 points, slides for 4th straight week as Ukraine war weighs on markets. Wonder will it continue to slide for another 4th straight week?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031156250","repostId":1190870402,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9031150519,"gmtCreate":1646481065034,"gmtModify":1676534133676,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4092458811577680","authorIdStr":"4092458811577680"},"htmlText":"European stocks log worst week since March 2020, down 7%, as Ukraine war roils global markets. And Dow sheds 180 points, slides for 4th straight week as Ukraine war weighs on markets. 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Can expect more volatility and downward pressure on 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is time to rise up⭐⭐⭐","listText":"Hope is time to rise up⭐⭐⭐","text":"Hope is time to rise 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