US shares plunge on escalating Ukraine upheaval
March 14, 2014 6:34 amVideo
Latest News
- EUR/USD. May 10th. Traders continue to torment the dollar May 10, 2024
- GBP/USD. May 10th. The British economy was pleasantly surprised May 10, 2024
- USD/JPY: Simple trading tips for novice traders on May 10th (US session) May 10, 2024
- GBP/USD: Simple trading tips for novice traders on May 10th (US session) May 10, 2024
- EUR/USD: Simple trading tips for novice traders for May 10th (US session) May 10, 2024
- GBP/USD: trading plan for the US session on May 10th (analysis of morning deals). The pound hit 1.2535 May 10, 2024
- EUR/USD: trading plan for the US session on May 10th (analysis of morning deals). The euro shows no signs of life May 10, 2024
- Trading Signals for BITCOIN (BTC/USD) for May 10-15, 2024: buy above $62,500 (21 SMA – 4/8 Murray) May 10, 2024
- Video market update for May 10, 2024 May 10, 2024
- Technical Analysis – GBPJPY continues to ascend May 10, 2024
- Technical Analysis – EURUSD retests 200-day SMA near downtrend line May 10, 2024
- Bitcoin finds support from a weaker dollar – Crypto News May 10, 2024
- Weekly Forex Outlook: 10/05/2024 – US inflation numbers to shake Fed rate cut bets May 10, 2024
- Forex forecast 05/10/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga May 10, 2024
- Week Ahead – US inflation numbers to shake Fed rate cut bets May 10, 2024
- GBP/USD: trading tips for beginners for European session on May 10 May 10, 2024
- EUR/USD: trading tips for beginners for European session on May 10 May 10, 2024
- Market Comment – Dollar slides, gold shines after soft US labor market data May 10, 2024
- Technical Analysis – AUDUSD remains undecided near crucial technical region May 10, 2024
- Technical Analysis – USDCAD slips beneath 20-day SMA May 10, 2024
The Wall Street skidded on Thursday, with the Dow and the S&P 500 enduring their worst day since early February, on elevating worries about Ukraine and Russia, as well as new hints of an economic slowdown in China.
Selling ascended in afternoon trading following Russia commenced military drills close to its border with Ukraine, showing no cue of breaking its plans to adjoin its neighbor’s Crimea region amid a stronger than anticipated push for sanctions from the European Union and the United States.
In an unusually vigorous and blazing speech, German Chancellor Angela Merkel cautioned of tragedy unless Russia shifts course. The CBOE Volatility index, Wall Street’s fear gauge, leaped more than 12% to 16.22. The benchmark normally moves opposite to the S&P 500. A key emerging market exchange-traded fund, iShares MSCI Emerging Markets ETF, dropped 1.8% to $38.19.
China’s economy slowed noticeably in the first two months this year, as progress in investment, retail sales, and factory output all plunged to multi-year lows. The S&P 500 disrupted below its 10-day and 14-day moving averages, which were acting as short-term technical support levels. It also broke below the 1,850 level.
The Dow Jones industrial average dipped 231.19 points or 1.41%, to 16,108.89. The S&P 500 missed 21.86 points or 1.17%, to 1,846.34. The Nasdaq Composite slid 62.912 points or 1.46%, to 4,260.42. Economically-sensitive sectors like industrials, went down 1.5%, and technology, fell 1.6%, paced the worst. General Electric slipped 1.6% to $25.34 while Apple Inc. erased 1.1% to $530.65.
Earlier, profits were backed by better than anticipated weekly initial jobless claims and retail sales figures for February, although last month of retail sales was amended lower. Import prices gained 0.9% last month, their largest rise in a year as petroleum advanced, but there was little hint of a wide pick-up in imported inflation.
Around 7.5 billion shares listed on US exchanges, based on BATS Global Markets, were over 6.8 billion daily average so far this month.
The material has been provided by InstaForex Company – www.instaforex.com