Stocks declined on Tuesday following the S&P 500’s worst day since October 2020, as investors continue to assess geopolitical tensions between Russia and Ukraine and high commodity prices.
The Dow Jones Industrial Average dropped 184.74 points to 32,632.64, after being up 585 points earlier in the session. The Dow fell deeper into correction territory. The S&P 500 fell 0.7% to 4,170.70, also dropping further into a technical correction. The Nasdaq Composite slid 0.3% to 12,795.55, falling deeper into bear market territory.
The small-cap benchmark Russell 2000 bucked the market trend and rose 0.6% on Tuesday.
Investors continue to grapple with surging commodity prices and slowing economic growth stemming from Russia’s invasion of Ukraine. Rising prices for oil, gasoline, natural gas, and precious metals like nickel and palladium are fueling concerns about a slowdown in global growth amid surging inflation.
“The Russia/Ukraine conflict, commodity price spikes, inflation concerns, and a…
__________________________________________________
You can Read this Complete Story at:
Source Link
__________________________________________________
Tags:
Dow Today, Dow Jones Today
__________________________________________________
Related Links:
Stock Market
Latest News on C N N.
__________________________________________________
2022-03-07 08:00:00
