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Wall Street closes in red and the Dow loses 1.42% due to tensions between Ukraine and Russia

After a holiday Monday in the United States, Wall Street started the week in the red this Tuesday and the Dow Jones Industrials, its main indicator, lost 1.42%, weighed down once again by the escalation of tensions between Russia and Ukraine.

At the end of operations on the New York Stock Exchange, the Dow lost 482.57 points, to 33,596.61, while the selective S&P 500 fell 1.01% or 44.11 integers, to 4,304.76.

For its part, the Nasdaq market composite index, which brings together technology companies, fell 1.23% or 166.55 units, to 13,381.52.

wall streetwhich remained closed on Monday due to the celebration in USA of Presidents’ Day, ended in negative ground again after closing on Friday with significant accumulated weekly losses, which exceeded 1% in the three benchmark indices.

The S&P 500 is already in correction territory, being more than 10% below its maximum levels reached, something that has not happened in the last two years.

The New York parquet sailed in negative territory since the beginning of the session, affected by the declaration of independence this Monday of the Ukrainian separatist regions of Donetsk and Lugansk made by the president of Russia, Vladimir Putin, followed by the sending of Russian military forces to those two areas.

USA responded this Tuesday with the announcement of sanctions against Russia, which were joined by those of the United Kingdom and those of the European Union.

The situation between Russia and Ukraine remains very fluid, and tensions continue to escalate, and in the short term this is going to be a headwind in the marketsSevens Report founder Tom Essaye said in a note.

All sectors ended in the red, with the biggest losses for non-essential consumer goods (-3.04%), energy (-1.53%), raw materials (-1.38%) and that of telecommunications (-0.98%).

A majority of the 30 Dow Jones stocks ended the session with losses, with Home Depot (-8.85%), Boeing (-4.92%), Nike (-3.33%) and Walt Disney (-3.33%) falling especially sharply. -2.16%).

Only five companies finished with profits, including McDonald’s (0.84%), Amgen (0.30%) and Travelers Cos (0.26%).

In other markets, the price of Texas Intermediate Oil (WTI) rose to US$91.91 and, at the close of the trading session, gold rose to US$1,901.40 an ounce; the 10-year Treasury bond yield advanced to 1.937% and the dollar lost ground against the euro, with a change of 1.1326.

Source: Elcomercio

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