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February 12, 2022
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Wall Street closes in red due to tension in Ukraine and the Dow falls 1.43%

Wall Street cierra en rojo por tensión en Ucrania y el Dow baja un 1,43 %

wall street Hill this friday with clear losses and the dow jones of Industrialists, its main indicator, left 1.43% as a result of the growing fear of an invasion ukrainian russian and the drop in consumer confidence as a result of inflation. At the close of operations in the NYSEthe Dow Jones lost 503.53 points, to 34,738.06, while the selective S&P 500 fell 1.90%, or 85.44 integers, to 4,418.64.

Even worse off was the composite index of the Nasdaq market, where the main technology companies are listed, which fell 2.78% or 394.49 units, to 13,791.15. Wall Street started the day on the rise, bouncing after the falls caused yesterday by the rise in inflation in the United States, but it ended again in the red and with general declines.

The turnaround came in the second half of the session, hand in hand with warnings from the US government about the possibility of Russia invading Ukraine at any time. White House national security adviser Jake Sullivan told a news conference that there is “a distinct possibility” that Russia will launch an attack on Ukraine, which could come before the end of the Winter Olympics in Beijing on Thursday. February 20th.

Read more: US sends 3,000 troops to Poland over Ukraine crisis

“Any American in Ukraine should leave as soon as possible, and in any case, in the next 24 to 48 hours,” said adviser to the US president, Joe Biden.

While sending Wall Street down, those words sent Texas Intermediate Crude oil soaring, ending the session at $93.10, up 3.6%. In the stock market, the most affected sector was technology, which dropped more than 3%, although practically all registered losses.

Salesforce (-4.49%), Nike (-3.18%) and Boeing (-2.95%) suffered the greatest falls among the thirty stocks that make up the Dow Jones, where the losses of technology giants such as Intel also stood out. (-2.54%), Microsoft (-2.44%) or Apple (-2.14%). On the other hand, the profits were led by the oil company Chevron, with a rise of 2.08%.

According to analysts, in addition to the tension around Ukraine, a bad advanced figure for the consumer confidence indicator also weighed on the market today, which was at its lowest level since October 2011 as a result of the sharp increase in inflation in the United States.

In other markets, at the close of the trading session, gold rose to 1,863.1 dollars an ounce; the 10-year Treasury bond yield fell to 19.16% and the dollar gained ground against the euro, with an exchange rate of 1.134.

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