U.S. stock-index futures fell sharply after buying and selling started late Sunday, as buyers stay rattled by the continuing struggle in Ukraine. Dow Jones Industrial Common futures YM00, -1.70% tumbled greater than 400 factors, whereas S&P 500 futures ES00, -1.77% and Nasdaq-100 futures NQ00, -1.75% every fell greater than 1.5% early Monday.
Final week, all three main indexes booked losses, with the Dow falling for a fourth straight week. Dow DJIA, -0.53% dropped 179.86 factors, or 0.5%, to shut at 33,614.80, whereas the S&P 500 index SPX, -0.79% fell 34.62 factors, or 0.8%, to complete at 4,328.87, and the Nasdaq Composite Index COMP, -1.66% shed 224.5 factors, or 1.7%, to finish at 13,313.44. For the week, the Dow and S&P 500 every fell 1.3% whereas the Nasdaq dropped 2.8%.
Crude costs continued to surge Sunday CLJ22, 7.34% BRNK22, 7.96%, topping $125 a barrel, as Secretary of State Anthony Blinken mentioned the U.S. and its European allies are contemplating a ban on Russian oil imports in response to Russia’s invasion of Ukraine.
Gold costs additionally touched $2,000 an oz as buyers sought security. Gold GC00, 1.88% surged 4.2% final week, its largest weekly acquire since July 2020, in line with Dow Jones Market Date.
Preventing in Ukraine continued unabated over the weekend, with humanitarian corridors meant to evacuate civilians from cities closed after coming below fireplace from Russian troops. The U.N. mentioned Sunday that 1.5 million Ukrainians have fled the nation up to now 11 days, creating the fastest-growing refugee disaster in Europe since World Struggle II.
https://www.marketwatch.com/story/u-s-stock-futures-sink-sunday-as-u-s-and-its-allies-consider-ban-on-russian-oil-imports-11646609554?mod=mw_more_headlines
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