Wall Street down, Ukraine weighs on indices, industry news
NEW YORK, March 11 (Reuters) – The New York Stock Exchange ended in the red on Friday, dragged down by growth and technology amid the ongoing conflict in Ukraine, although traders are looking ahead to next week’s Federal Reserve meeting.
After a rocky week, which saw the S&P 500 fall 2.88%, the Dow Jones fell 2.00% and the Nasdaq Composite 3.53%, Wall Street opened higher in response to Vladimir Putin’s comments on the negotiations with Kyiv, before turning down. .
“There’s still a lot of uncertainty,” said Matt Maley, an analyst at Miller Tabak. “There’s no reason to go into the weekend and take a risk,” added Peter Tuz, president of Chase Investment Counsel in Charlottesville, Va.
During this session, the Dow lost -0.69%, or 229.88 points, to 32,944.19 points.
The broader S&P-500 fell by 55.21 points, or -1.30%, to 4,204.31 points.
The Nasdaq Composite dropped 286.15 points (-2.18%) to 12,843.81 points.
The decline of large capitalization stocks such as Apple (-2.39%) or Tesla (-5.12%) weighed on the S&P 500 index, whose eleven sessions ended, while communications lost 1 .9%, technologies 1.8 %.
Meta Platforms stock lost 3.89%. According to internal e-mails seen by Reuters, Facebook’s parent company will allow Russians to commit acts of violence and the death of Vladimir Putin in other countries, a temporary change in hate speech policy that has prompted the Kremlin to threaten the group to suspend its activities. Russia.
* CONTINUED :
(by Jean-Stéphane Brosse)