Dow Jones Index

The Dow fell more than 100 points today following talks between Russia and Ukraine remain unconcluded.

At 9:31 p.m. Thai time, the Dow Jones Industrial Average stood at 33,758.40 points, minus 134.20 points, or 0.4%.

The Dow fell 0.5% yesterday as investors worried that tensions between Russia and Ukraine would intensify. After the ceasefire negotiations between the two delegations ended without any agreement.

The CBOE Volatility Index (VIX), a measure of investor anxiety on Wall Street, jumped 6.43 percent to 32.09.

Banking stocks plummet in today’s trading. In line with the decline in US government bond yields.

However, energy stocks rebounded following the surge in global oil prices. WTI oil prices rose above $101/barrel. Meanwhile, the price of Brent crude oil broke above $104/barrel.

Direct talks between the Russian and Ukrainian delegations to resolve the conflict between the two countries ended yesterday. without any conclusions And the two sides will hold the next round of talks on the Belarusian and Polish borders in the coming days.

US police tighten security in Washington, D.C. before President Joe Biden will deliver an annual policy statement (State of the Union) to Congress today.

Officials have built a fence around the US Capitol to prevent a repeat of the incident on Jan. 6, 2021, when some 2,500 supporters of former President Donald Trump stormed the Houses of Congress to block the count. Votes are expected to lead to a victory in the presidential election of Joe Biden.

In addition, Mr. Lloyd Austin, US Secretary of Defense It approved the deployment of 700 National Guard troops to work with US congressional police to deal with the People’s Convoy, a group of truck drivers protesting the government’s mandatory vaccinations and masks. Hygiene to control the spread of COVID-19 The convoy was heading towards Washington, D.C.

Biden to deliver first annual policy statement to Congress At the invitation of Mrs. Nancy Pelosi, Speaker of the United States House of Representatives Amid the crisis, the conflict between the United States and the West with Russia in the case of Ukraine

Biden will deliver a speech today (March 1) at 9:00 p.m. US time. or matches tomorrow morning (2 March) at 9:00 a.m. Thai time

Meanwhile, Federal Reserve Chairman Jerome Powell is due to deliver his semiannual statement on monetary policy and economic conditions to Congress on March 2-3, possibly expressing his opinion. on monetary policy to the public for the last time before the Fed starts raising interest rates at its March 15-16 meeting.

Powell will address the House Financial Services Committee on March 2 and the Senate Banking Committee on March 3. Both dates will begin. Up at 10:00 a.m. US time or 10:00 p.m. Thai time

The monetary policy statement will indicate the direction of US interest rates this year. Amid inflation, its highest spike in 40 years and signaling whether the crisis in Ukraine will affect the Fed’s monetary policy. After some Fed officials said The Fed will bring the impact of the conflict in Ukraine as a factor in its monetary policy considerations.

The US Department of Labor will release the number of nonfarm payrolls for February on Friday. While analysts predicted that The number of jobs will increase by 415,000 in the month.

Earlier, the US Department of Labor said Non-farm payrolls rose 467,000 in January. The unemployment rate rose to 4.0%, above analysts’ forecast of 3.9 percent.

The Dow New York Stock Exchange closed more than 200 points on Friday (Feb 18) as investors sold stocks ahead of the long weekend in the United States. Amid concerns regarding the increasingly tense situation in Ukraine The United States warned of possible Russian invasion of Ukraine.

The Dow Jones Industrial Average closed at 34,079.18, down 232.85, or -0.68%, the S&P 500 closed at 4,348.87, down 31.39, or -0.72%, and the Nasdaq closed at 13,548.07, down 168.65, or -1.23%.

U.S. stock markets dropped for a second straight week amid tensions between Russia and the West over Ukraine. In this week The Dow was down 1.9 percent, the S&P500 was down 1.6 percent and the Nasdaq was down 1.8 percent.

US stock markets will be closed this coming Monday (Feb 21) for US President’s Day.

The Nasdaq index fell sharply on Friday. It was pressured by falling high growth stocks such as Apple, Amazon and Microsoft.

Investors are still worried regarding Ukraine’s situation. The Russian-sponsored separatist group has sent civilians out of the fighting region in eastern Ukraine to seek asylum. This is another situation in the conflict that Western nations believe Russia plans to use as an excuse to invade Ukraine. Russia has denied the allegations. and states that Western nations are trying to create fear

The market continues to be pressured by expectations that The US Federal Reserve (Fed) will raise interest rates at its March meeting. The New York Fed President John Williams said: It is appropriate for the Fed to raise interest rates in March.

The maturity of the monthly options contract also added to the volatility of the market before the market closed on Monday. On the occasion of the US President’s Day

The disappointing earnings release also affected individual stocks.

Intel shares fell 5.3 percent to their lowest level since 2020, following the company failed to reassure investors who feared that Intel will lose market share.

Streaming platform Roku shares fell 22% following investors were disappointed by the company’s 4Q21 earnings release and its outlook for first-quarter earnings.

Draft Kings Stock The sports betting company fell 22% following it expected a bigger-than-expected loss this year.