Account Info
Log Out
No matches yet
Operations too frequent. Please try again later.
Please check network settings and try again Refresh Refresh
History record delete
    Quotes All >
      News All >
        Log in to access Online Inquiry
        Back to the Top
        Russia-Ukraine Crisis: A Double-Edged Sword
        Views 119K Contents 364

        S&P 500 confirms correction; Ukraine-Russia crisis keeps investors on edge

        - Biden announces first wave of sanctions
        - Indexes: Dow down 1.4%, $S&P 500 Index(.SPX.US)$ down 1%, Nasdaq down 1.2%
        - All S&P 500 sectors end in the red
        Wall Street's main indexes fell on Tuesday, with the S&P 500 confirming a correction, as the Ukraine-Russia crisis kept investors on edge after Russian President Vladimir Putin recognized two breakaway regions in the country and ordered troops to the area.

        The S&P 500 ended down more than 10% from its Jan. 3 closing record high. A correction is confirmed when an index closes 10% or more below its record closing level.Stock market pullback, correction, crash: How to tell the difference

        Indexes pared losses and ended off their lows of the session after U.S. President Joe Biden announced the first wave of sanctions against Russia, while saying he was hopeful diplomacy is still available.

        Biden added that the United States had no intention of fighting Russia. He said the sanctions, among others things, target Russian banks and sovereign debt.

        All major S&P 500 sector ended lower on the day, led by losses in cyclical sectors including consumer discretionary and energy.

        $Dow Jones Industrial Average(.DJI.US)$fell 482.57 points, or 1.42%, to 33,596.61, the S&P 500 lost 44.11 points, or 1.01%, to 4,304.76 and $Nasdaq Composite Index(.IXIC.US)$ dropped 166.55 points, or 1.23%, to 13,381.52.
        Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
        Sign in to post a comment

        View more comments...

        True and timely