Daily Report 04.03.2022
Објавено: 04. 03. 2022

Nasdaq drops 1.5%, Dow off nearly 100 points in choppy session as traders monitor Russia-Ukraine war; European markets close down 2% amid Ukraine-Russia tensions; travel stocks slide 4.5% 
U.S. stocks churned lower on Thursday as rapid moves in the energy and bond markets slowed and investors monitored the war in Ukraine. 
The Dow Jones Industrial Average was down 54 points, or 0.2%, after being positive for much of the session. The S&P 500 slipped 0.4% while the Nasdaq Composite dropped 1.4%. 
Software was a weak spot, with Okta and Snowflake tumbling after their quarterly reports. Salesforce and Adobe each shed more than 2%. Tesla dropped 4%, while Amazon lost nearly 3%. 
On the earnings front Thursday, shares of Best Buy rose more than 9% after the retailer met earnings expectations and hiked its dividend, and Kroger climbed 10% after beating estimates on the top and bottom lines. 


The pan-European Stoxx 600 closed down by 2%, having gained around 0.5% at the open. Utilities fell 3.5% to lead losses while basic resources rose 0.8% as raw material prices rose. Societe Generale said Thursday it would be able to cope if its Russian business was to be stripped away. The French lender said its exposure in Russia totaled 18 billion euros ($19.97 billion). Shares fell by 0.6%. 
Source: CNBC, Investing.com