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The impact would be worse for Europe, which imports a substantial part of its energy needs from Russia. Higher energy prices threaten to worsen inflation in the U.S., which is already at its highest level in 40 years. The news briefly sent Brent crude, the global benchmark, to above $130 per barrel, its highest since 2008. Adopting such a move would mark a major escalation from the current round of comprehensive financial and economic sanctions. and Europe have so far avoided directly sanctioning Russia's energy exports. and its European allies were in discussions to potentially ban oil imports from Russia after the country's invasion of Ukraine. Secretary of State Antony Blinken told CNN on Sunday that the U.S. Here are 4 things to know Potential ban on Russian oil imports spooks markets The S&P 500, for example, lost $1.08 trillion in market value on Monday and has lost a total of $4.76 trillion for the year, according to S&P Dow Jones Indices.īusiness Stocks are in turmoil as Russia invades Ukraine. The declines extend what has been a miserable year for Wall Street, with all three indexes falling in each of the previous two months. The Nasdaq had been flirting with a bear market in recent weeks. It has now entered what's known as a bear market, or down more than 20% from its record high in November. stocks rose on Tuesday with the Nasdaq Composite pacing the gains helped by Amazon, Apple and Google ahead of Wednesday. Meanwhile, the S&P 500 lost nearly 3% on Monday to post its worst daily loss since October 2020. 11 hours ago &0183 &32 Breaking News Dow, S&P, Nasdaq rise ahead of inflation, earnings data U.S. The Dow now joins the S&P 500 in what's called correction territory, or a drop of more than 10% from recent highs. Stocks sank on Monday, with the Dow Jones Industrial Average falling nearly 800 points after crude prices touched their highest level since 2008, raising fears about the global economy. The Dow Jones Industrial Average slumped nearly 800 points on Monday, entering what's called a correction. 'The best case, continuation of the status quo, leaves markets nervous and the euro only able to manage modest short-covering relief.'Īmong active stocks, casino stocks were among the biggest S&P decliners after Chinese regulators closed Macau.Traders work on the floor of the New York Stock Exchange in New York City on March 4.

'The worst case (total stop of gas flows) brings recession and probably another 10% fall by the euro from here,' Kit Juckes, FX analyst at SocGen, wrote.

#Dow jstock market news Offline

Meanwhile, natural gas futures surged as Nord Stream 1 goes offline for maintenance. In commodities, crude oil slipped, although it remained above $103 a barrel and is holding most of the rebound it saw last week, when it briefly dipped below $100.

The 10-year Treasury yield retreated 11 basis points to 2.99% and the 2-year dipped 5 basis points to 3.07%. In the bond market, rates backed off after gains last week. Utilities moved modestly higher, while Real Estate posed a fractional gain. Consumer Discretionary also suffered a notable retreat, sliding by 2.9%. The S&P 500 and Nasdaq Composite lost 5.05 and 5.60, respectively, for their ninth losing week in 10 and the worst week since January. Nine of the 11 S&P sectors finished lower, with Communication Services falling 2.8% as social media struggled on Twitter's selloff. The Dow fell 4.58 for its 10th down week in the past 11. The S&P 500 slipped 44.95 points to 3,854.43, while the Dow Jones retreated 164.31 points to end at 31,173.84. The Nasdaq paced the day's retreat, falling 262.71 points to close at 11,372.60. The Nasdaq ( COMP.IND) ended -2.3%, the S&P ( SP500) closed -1.2% and the Dow ( DJI) ended -0.5%. European Markets S&P 500 limps to slightly lower close as quarter-end looms, article with video JReuters, the news and media division of Thomson Reuters, is the world’s largest. With a lack of catalysts, investors took a cautious approach to the upcoming earnings season, selling some of their holdings in growth sectors as the outlook for corporate results remains murky. equity averages lower, notching a decline of more than 2%. Wall Street took a step back on Monday, with the Nasdaq leading the major U.S.