Stocks fell sharply on Wall Street Monday after another big leap for oil prices threatened to squeeze inflation’s grip on the global economy.
In this photo provided by the New York Stock Exchange, traders Edward McCarthy, left, and Fred DeMarco work on the floor, Monday, March 7, 2022. Stocks are falling in morning trading on Wall Street, as more gains for oil prices threaten to worsen the world's already high inflation. – Wall Street had its biggest drop in more than a year Monday as another leap for oil prices threatened to squeeze inflation’s grip on the global economy.
The Nasdaq composite slid 482.48 points, or 3.6%, to 12,830.96. The tech-heavy index is now 20.1% below its record set in November. Such a decline means the index is now in what Wall Street calls a bear market. The S&P 500 is down a more modest 12.4% from the peak it set in early January.Gold and a measure of nervousness on Wall Street also rose, though not by quite as much as when oil prices hit their peak. The price of gold briefly rose above $2,000 an ounce before settling at $1,995.
Reports also said U.S. officials may be considering easing sanctions against Venezuela. That potentially could free up more crude oil and ease concerns about reduced supplies from Russia. Markets worldwide have swung wildly recently on worries about how high prices for oil, wheat and other commodities produced in the region will go because of Russia’s invasion, inflaming the world’s already high inflation. In the United States, prices for consumers jumped last month from their year-ago level at the fastest rate in four decades., including Europe, Africa and Asia, which rely on the vast, fertile farmlands of the Black Sea region, known as the “breadbasket of the world.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Wall Street is pouncing on Russia’s cheap corporate debtAs the U.S. and allies tighten sanctions on Russia and choke off investor demand for its assets, parts of Wall Street are jumping on the buying opportunity that it’s creating.
Weiterlesen »
Wall Street tumbles after oil prices touch $130 per barrelMarkets worldwide have swung wildly recently on worries about how high prices for oil, wheat and other commodities produced in the region will go because of Russia’s invasion, inflaming the world’s already high inflation.
Weiterlesen »
Wall Street tumbles after oil prices touch $130 per barrelThe S&P 500 fell 2.3% after a barrel of U.S. oil surged to $130 overnight on the possibility the U.S. could bar imports from Russia. Stocks around the world slid even more sharply earlier in the day, also taking their cue from oil’s movements, though their losses moderated as crude receded toward $120 per barrel.
Weiterlesen »
Top Wall Street Analysts Says These Stocks Are Well Positioned for Long-Term GrowthTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, like Apple and Airbnb.
Weiterlesen »
Wall Street analysts pick their favorite solar stocks as global energy prices soarWall Street analysts name their favorite solar stocks, with shares on the rise, as traditional energy prices soar due to the Russia-Ukraine crisis.
Weiterlesen »
Wall Street Takes Lead in Crypto InvestmentsProfessional investors traded $1.14 trillion worth of cryptocurrencies on exchange Coinbase Global in 2021, up from just $120 billion the year before, underscoring the rapid mainstreaming of cryptocurrencies in recent years.
Weiterlesen »