Friday, September 20, 2024

Business

Wall Street ends lower because investors pay attention to Ukrainian conflict

Wall Street ends lower because investors pay attention to Ukrainian conflict

Wall Street ended lower on Friday after increasing tension in Ukraine and U.S. Warnings from the potential of Russian invasion encourage investors to remove risk assets in a long weekend.

The Nasdaq fell sharply, pulled down by a decrease in high growth shares, including Apple, Amazon and Microsoft, each around.

A separatist supported by Russia packs civilians to various regions in East Ukraine, other developments in Western conflict believe that Moscow plans to be used as a justification for his neighbor’s all-out invasion. Russia said she had no intention of attacking Ukraine, accusing the west of fear. Read more

Speculation about the next Federal Reserve step also burdens equity. New York Fed Bank President John Williams said earlier that day would be appropriate to raise interest rates in March, without mentioning the magnitude.

“This is a confused market, confused about Ukraine, confused about how aggressive The Fed will, and simply ignore the very strong income results from the fourth quarter,” said the Ghriskey team, a senior portfolio strategist in New York.

The end of the monthly option contract also seems to add volatility in front of the market vacation A.S. On Monday for the President’s day.

The average Dow Jones industry fell 0.68% to end at 34,079.18 points, while the S & P 500 lost 0.72% to 4,348.87.

The Nasdaq composite fell 1.23% to 13,548.07.

The index recorded weekly decline for the second week in a row, the display with increased tensions between Moscow and the West over Ukraine. For this week, the S & P 500 fell 1.6%, Dow lost 1.9% and Nasdaq decreased 1.8%.

Intel Corp fell 5.3% to the lowest since 2020 after the Chipmaker turnaround pitch failed to impress investors worried about the loss of market share.

About 78% of the 417 S & P 500 companies have in this reporting season posting quarterly income above analyst estimates in accordance with refinitiv data.

Roku Inc. slipped 22% after the streaming platform ruled out quarterly income and the first quarter view. Read more

Draftkings Inc. also fell 22% after sports betting companies expected a loss of 2022 which was greater than anticipated.

The problem that decreases exceeds the amount that advances on the NYSE with a 1.84-to-1 ratio; On the NASDAQ, the 2.10-to-1 ratio is preferred by the decliner.

S & P 500 posted the 8 highs of 52 weeks and 28 new lowest; The Nasdaq composite records 19 new highs and new lowest 395.

Volume on exchange a.s. was 11.3 billion shares, compared with an average of 12.3 billion for the last 20 trading days.

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