The Ukrainian-Russian war has not ended, and many countries have increased sanctions on Russia. Wall Street on Thursday (3rd) The impact of the Ukrainian-Russian war on the economy, crude oil prices fluctuated, investors sold technology stocks, and poured into defensive stocks to seek safety. The four major At the end of the index, the Dow Jones fell nearly 100 points, the Nasdaq fell 1.56%, and Tesla fell more than 4.6%.
In political and economic news, Fed Powell attended the Senate Banking Committee on Thursday to deliver a monetary policy report. He said that the Fed will raise interest rates and shrink its balance sheet in 2022. The next meeting will determine the schedule of the shrinking, emphasizing that the Fed Action on inflation should be taken as soon as possible.
In terms of the situation in Russia and Ukraine, Russia has not stopped its offensive, and Ukraine is full of war. After the Russian army occupied the main city of Kherson in Ukraine, it intensified its shelling on other towns on Thursday. Canada announced the cancellation of Russia and Belarus in the World Trade Organization (WTO). The United States and the European Union intend to follow suit and impose additional tariffs and sanctions on Russia.
The Biden administration will increase sanctions on Russian President Vladimir Putin’s cronies, including eight wealthy Russians and their families, and impose visa restrictions on 19 oligarchs and 47 of their relatives and friends, although the White House opposes a ban on oil imports from Russia.
The second round of negotiations between Russia and Ukraine in Belarus ended. The two sides reached a consensus on the establishment of a humanitarian corridor, providing supplies such as food and medicine to the besieged civilians, and agreed to a possible ceasefire around the corridor. The Russian side said that the negotiations had made substantial progress, and the Uzbek side said that the expected negotiation results had not been obtained, but the two sides agreed to hold the third round of negotiations as soon as possible.
Before the deadline, according to data from Johns Hopkins University in the United States, the number of confirmed cases worldwide has exceeded 439 million, and the number of deaths has exceeded 5.97 million. More than 10.8 billion vaccine doses have been administered in 184 countries worldwide.
The performance of the four major U.S. stock indexes on Thursday (3rd):
- The Dow Jones Industrial Average fell 96.69 points, or 0.29%, to 33,794.66.
- The Nasdaq lost 214.07 points, or 1.56 percent, to end at 13,537.94.
- The S&P 500 lost 23.05 points, or 0.53%, to end at 4,363.49.
- The Philadelphia Semiconductor Index fell 76.40 points, or 2.24%, to 3,339.76.
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