The Dow fell more than 100 points today as investors worried about the growing tensions in Ukraine.
At 9:59 p.m. Thai time, the Dow Jones Industrial Average stood at 33,938.72 points, minus 140.46 points or 0.40%.
Energy stocks surged against the market. Responding to rising oil prices on the news of the Ukrainian crisis
Shares of Home Depot, Inc. and Macy’s, Inc. rebounded on higher-than-expected earnings and revenue for the fourth quarter.
Krispy share price The cream has risen as well. It reported its first quarterly profit since the company’s initial public offering (IPO) in July 2021.
More than 400 companies in the S&P 500 index have reported fourth-quarter results, with 77% of them having beaten analyst expectations.
Investors still keep an eye on the situation in Ukraine. After Russia granted independence to the Donetsk and Luhansk regions. which is located in the Donbas region of Ukraine and send troops into the two regions, which are sympathetic to Russia
US to announce sanctions on Russia today in response to the invasion of Ukraine Britain announced sanctions on five Russian banks, including three Russian businessmen.
In addition, investors are still concerned about the Federal Reserve’s (Fed) interest rate hike this year, which may be faster and stronger than expected. to curb inflation, the highest in 40 years
The CME Group’s FedWatch Tool indicates that investors are giving as much as 100 per cent the interest the Fed will raise interest rates by 0.25% at its March 15-16 meeting.
Meanwhile, markets are keeping an eye on Fed Chairman Jerome Powell, who will address Congress on March 2-3, possibly his final public comment on monetary policy. Before the Fed began raising interest rates at its meeting just a few days later.
Powell will deliver his semiannual monetary policy statement to the House Monetary Services Committee on March 2 and to the Senate Banking Committee on March 3. Both days will begin at 10:00 a.m. US time or 10:00 p.m. Thai time.
