The mood on Wall Street was depressed at the start of the week.
(Photo: AP)
Berlin, New York
US stock markets weakened on Thursday amid a trio of concerns. “You have what appears to be widespread inflation, there are signs of a change in US Federal Reserve policy, and then there are ongoing tensions with Russia and Ukraine,” said equity strategist Terry Sandven of US Bank Wealth Management.
Marc Chandler, chief strategist at trading house Bannockburn Global Forex, also pointed to the upcoming long weekend due to a US bank holiday on Monday: “There is no incentive for a market participant to fight risk-off sentiment ahead of a weekend when anything can happen. “
The Dow Jones index of standard values went down 1.8 percent to 34,312 points from trading. The tech-heavy Nasdaq fell 2.9 percent to 13,716 points. The broad one S&P 500 lost 2.1 percent to 4380 points.
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