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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
- 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.
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Trump 2.0 Era: How will global markets evolve?
🎙️Discussion: 1. How will tariff policies affect the movement of key assets such as U.S. stocks, gold, and Bitcoin? 2. Given this context,
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Jan 23 16:54
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BruceLin8 : Can not see uneasy ah... futures index soared so high
涨涨涨gogogo : I was uneasy yesterday and today it's like nothing happened![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
BruceLin8 涨涨涨gogogo : Yeah! I feel very funny every time I send this kind of article. Postperceptibly. It has been restless for a week. It's about to start the rebound. It's just uneasy.
涨涨涨gogogo : When a fight actually starts all of a sudden, then you can be uneasy one day and the next day like nothing happened![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
BruceLin8 涨涨涨gogogo : Yes. Haha! Anyway, this article is basically counter indicators.
Madiq Izichi : moomoo has giveaway on their official Telegram channel, don't miss out
https://t.me/teammoomooSG/144
efficentupup OP Madiq Izichi :
efficentupup OP BruceLin8 : It will take time to bounce back
efficentupup OP 涨涨涨gogogo :
Mars Mooo efficentupup OP : It already bounce back on Friday 25 Feb 2022 and probably may rise even higher this March 2022 despite of the Ukranine war and interest rate hike.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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