Major US stock indexes fell at the open on Monday, continuing a sell-off from last week, as investors’ risk appetite was hit by concerns about escalating tensions between Russia and the West. On Ukraine ahead of a key Fed meeting Federal.
The Dow Jones Industrial Average started the trading session down 0.57% to 34,070.61 points, but quickly deepened its losses to 2%.
The benchmark Standard & Poor’s 500 index fell 0.95% to 4356.32 points, to continue its decline by 2%, while the Nasdaq Composite Index fell 2.09% to 13,481.50 points, then losses deepened to 3%.
Wael Makarem, chief market strategist at Exness, said in an interview with “Al Arabiya” that the sharp declines in Wall Street have continued since last week, and it is expected after the previous hikes, and the accompanying strong correction, to restore valuations that were 4 or 5 times high. to its previous position.