KP77
2022-03-02
Worried.
Wall Street Ends Sharply Lower as Ukraine Crisis Sows Fear
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"We're dealing with a pure emotional investor response."</p><p>The Dow Jones Industrial Average fell 1.76% to end at 33,294.95 points, while the S&P 500 lost 1.55% to 4,306.24.</p><p>The Nasdaq Composite dropped 1.59% to 13,532.46.</p><p>The Philadelphia Semiconductor Index dropped 3.6%, with Advanced Micro Devices tumbling 7.7%.</p><p>Trading was busy. Volume on U.S. exchanges was 14.9 billion shares, compared with a 12.3 billion average for the full session over the last 20 trading days.</p><p>On a positive note, data showed U.S. manufacturing activity picked up more than expected in February as COVID-19 infections subsided, while construction spending surged in January.</p><p>"Given the fact that the U.S. economy is accelerating, the uncertainty will be relatively short lived and it wouldn't be a surprise if the market found its footing sometime over the next couple of weeks when clarity is restored," said Jeff Schulze, investment strategist at ClearBridge Investments.</p><p>Target Corp jumped 9.9% after the big-box retailer forecast 2022 sales and profit above analysts' expectations.</p><p>Defense stocks added to recent gains, with Lockheed Martin Corp and Northrop Grumman rallying over 3%.</p><p>The CBOE volatility index, also known as Wall Street's fear gauge, rose to its highest since Feb. 24.</p><p>Zoom Video Communications Inc slid 7.4% after it forecast downbeat full-year revenue and profit, signaling a hit from tough competition and lower sign-ups for its core Meetings platform.</p><p>The S&P 500 has declined about 10% in 2022, and the Nasdaq has lost about 13%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.55-to-1 ratio; on Nasdaq, a 1.80-to-1 ratio favored decliners.</p><p>The S&P 500 posted 26 new 52-week highs and 16 new lows; the Nasdaq Composite recorded 40 new highs and 150 new lows.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Ends Sharply Lower as Ukraine Crisis Sows Fear</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Volume on U.S. exchanges was 14.9 billion shares, compared with a 12.3 billion average for the full session over the last 20 trading days.On a positive note, data showed U.S. manufacturing activity picked up more than expected in February as COVID-19 infections subsided, while construction spending surged in January.\"Given the fact that the U.S. economy is accelerating, the uncertainty will be relatively short lived and it wouldn't be a surprise if the market found its footing sometime over the next couple of weeks when clarity is restored,\" said Jeff Schulze, investment strategist at ClearBridge Investments.Target Corp jumped 9.9% after the big-box retailer forecast 2022 sales and profit above analysts' expectations.Defense stocks added to recent gains, with Lockheed Martin Corp and Northrop Grumman rallying over 3%.The CBOE volatility index, also known as Wall Street's fear gauge, rose to its highest since Feb. 24.Zoom Video Communications Inc slid 7.4% after it forecast downbeat full-year revenue and profit, signaling a hit from tough competition and lower sign-ups for its core Meetings platform.The S&P 500 has declined about 10% in 2022, and the Nasdaq has lost about 13%.Declining issues outnumbered advancing ones on the NYSE by a 1.55-to-1 ratio; on Nasdaq, a 1.80-to-1 ratio favored decliners.The S&P 500 posted 26 new 52-week highs and 16 new lows; the Nasdaq Composite recorded 40 new highs and 150 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":667,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/632995487"}
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