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US stocks. Continued Update | Russia-Ukraine tensions, Dow fell more than 700 points, New York oil futures surged 10%

2022-03-01T17:31:10.713Z


U.S. stocks were under pressure early Tuesday amid ongoing tensions in Ukraine and soaring crude oil prices. [01:05 a.m. local time] US stocks fell further, the Dow fell 700 points or 2.07% to 33192 points; the Nasdaq fell 204 points


U.S. stocks were under pressure early Tuesday amid ongoing tensions in Ukraine and soaring crude oil prices.


【01:05am local time】

US stocks fell further, the Dow fell 700 points or 2.07% to 33192 points; the Nasdaq fell 204 points or 1.49% to 13546; the S&P 500 fell 73 points or 1.67% to 4300 points.

Bank stocks fell sharply, Goldman Sachs fell 3.32%, American Express fell 6.72%, and Morgan Stanley fell 4.72%.

Oil stocks do well, Chevron bucks the market and rises 2.59%

[12:45 a.m. local time]

The decline in US stocks continued to expand. The Dow fell 672 points to 33,220 points; the Nasdaq fell 182 points to 13,567; the S&P 500 fell 67 points to 4,309 points.

The situation in Ukraine is still unclear, and oil prices continue to rise. New York oil futures rose 10.8% to $106.29 a barrel; Brent oil futures rose 9.4% to $107.15, the highest since July 2014.

The International Energy Agency agreed on Tuesday to release 60 million barrels of oil from global reserves to ease current supply constraints.

【11:00pm local time】

The Dow's decline expanded to 227 points to 33,665 points; the Nasdaq fell 31 points to 13,719 points; the S&P 500 fell 15 points to 4,358 points.

iQIYI’s stock price continued to rise, rising nearly 24% to $5.12, with a total market value of more than $4 billion.

【10:45pm local time】

As of the end of the day, the Dow fell about 156 points to 33,735 points; the Nasdaq fell about 40 points to 13,710 points; the S&P fell about 11 points to 4,361 points.

Video conferencing software company Zoom announced its quarterly results as of the end of January. During the period, revenue increased by 21.4% year-on-year to US$1.071 billion, which continued to slow down significantly from the 35% growth rate in the previous quarter. The stock price fell by nearly 5%, mainly due to 2023 The fiscal year performance guidance was lower than expected, and many investment banks lowered their target prices sharply.

Some Chinese concept stocks did well, iQiyi rose by more than 13%; Baidu's performance was satisfactory, and its stock price rose by more than 10%; JD.com and NetEase rose by more than 3%, and Ali rose by more than 2%.

Oil prices continued to fluctuate, with New York oil futures rising as much as 6.6% to $102.08, the highest since July 2014; Brent oil futures also rose 6.6% to $104.5.

Source: hk1

All news articles on 2022-03-01

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