Margin pressure and valuation premium point to downside for stocks
Majority of such investments are mending after struggling to provide positive returns in the first two months of 2022
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Stocks fell in afternoon trading on Wall Street Monday as the market extends a losing streak from last week. The S&P 500 fell 1.2 per cent as of 12:01 pm Eastern. The Dow Jones Industrial Average fell 189 points, or 0.6 per cent, to 34,530 and the Nasdaq fell 1.8 per cent. Both the benchmark S&P 500 and the Nasdaq are coming off their first weekly loss in four weeks. Technology stocks fell broadly and were the biggest weights on the market. Microsoft fell 3.7 per cent and Apple shed 2 per cent. Energy stocks were among some of the biggest losers as they followed oil prices lower. US crude oil prices fell 3.7 per cent and Exxon Mobil slumped 3.1 per cent. Oil prices remain volatile amid Russia's invasion of Ukraine, which has put more pressure on global energy supplies. Global oil prices are up just over 25 per cent for the year, though they have been easing somewhat throughout April. Industrial companies and banks held up better than the rest of the market. Boeing rose 1.1 per
The Dow Jones Industrial Average was up 11.89 points, or 0.03%, at 34,595.46, the S&P 500 was down 17.23 points, or 0.38%, at 4,482.98
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As an economic crisis loomed in Russia, the fallout of tougher sanctions from the West imposed over the weekend rippled out across financial markets
As an economic crisis loomed in Russia, the fallout of tougher sanctions from the West imposed over the weekend rippled out across financial markets
By 0930 GMT, the Euro STOXX was 0.72% higher while the FTSE 100 gained 1.1%. Germany's DAX nudged 0.05% higher
The Dow Jones Industrial Average fell 282.93 points, or 0.85%, to 32,848.83
The S&P 500 has entered correction territory, as investors reacted to Russian President Vladimir Putin's decision to order troops to breakaway regions of Ukraine, escalating tensions and raising fears of a full-scale invasion, Market Watch reported.
Wall St futures rallied on news U.S. President Joe Biden and Russian President Vladimir Putin have agreed in principle to hold a summit on the Ukraine crisis.
S&P 500 was down 55.33 points, or 1.24%, at 4,419.68, and the Nasdaq Composite was down 177.35 points, or 1.26%, at 13,946.75
Dow Jones Industrial Average fell 64.33 points, or 0.18%, to 35,046.83, the S&P 500 gained 11.95 points, or 0.27 %, to 4,489.39
The Dow Jones Industrial Average fell 129.64 points, or 0.38%, to 34,168.09, the S&P 500 lost 6.52 points, or 0.15%, to 4,349.93
The Dow Jones Industrial Average fell 94.28 points, or 0.27%, to 34,270.22, the S&P 500 lost 44.38 points, or 1.01%, to 4,365.75