41 / 5.000 Kết quả dịch Dow Jones has 5th consecutive week of decline

 Dow Jones dropped in Friday's trading session and closed the fifth consecutive "red" week as investors remained cautious about the war between Russia and Ukraine.

At the end of the session, the Dow Jones index fell 229.88 points to 32,944.19 points, due to the falling price of Nike and Apple. The S&P 500 index fell 1.3% to 4,204.31 points. The Nasdaq Composite Technology Index also fell 2.2% to 12,843.81 points.

On Friday, Russian President Vladimir Putin said talks between the Kremlin and Ukraine had resulted in "certain positive developments". However, the armistice issue has not yet been negotiated. Meanwhile, according to sources, President Volodymyr Zelenskyy said Ukraine had reached a "strategic turning point" in its conflict with Russia.

US President Joe Biden is calling for an end to most-favoured-nation status with Russia. At the same time, the US Congress also passed a funding bill, including $ 14 billion to support Ukraine.

This is the 5th consecutive week of decline for Dow Jones as the Russia-Ukraine war continues to impact financial markets. The S&P 500 and Nasdaq also recorded a second consecutive weekly loss.

For the whole week, Dow Jones lost 2%, while the S&P fell 2.9%, and Nasdaq lost 3.5%.

However, on Friday, Bank of America said that the stock market decline caused by the war may be over.

“The 12% drop from the top of the S&P 500 suggests that this correction may be over,” said Savita Subramanian, equity and quantitative strategist at Bank of America Securities. “The market has generally discounted geopolitical shocks, as the S&P 500 has fallen 9% from peak to trough since the news about Russia and Ukraine emerged in early February, similar to the same level,” he said. typical drop of 7-8% before major macro/geopolitical events”.

The decline in the stock market comes amid continued gains in energy prices. WTI crude oil contract in the US rose 2.9% to about 109 USD/barrel, while Brent crude oil contract gained 2.9% to about 112 USD/barrel. Even so, crude oil prices have retreated from highs made at the beginning of the week.

Metals, excluding copper, also fell sharply, with platinum futures plunging 4% to $2,803.50 an ounce. Agricultural commodity prices were mixed while bond yields increased slightly.

Economic data released on Friday showed that the University of Michigan's consumer confidence index plummeted from 62.8 points in February to 59.7 points in March, marking the lowest level since September/September. 2011.

"The news that consumer confidence dropped sharply as households feared high inflation appeared in the morning, raising concerns about a slowdown in the US economy, even a recession." , said Jim Paulsen, chief investment strategist at Leuthold Group.

Falling prices in some big tech stocks sent Nasdaq lower on Friday. Zoom Video shares fell 5%, bringing the total drop in the past week to nearly 10%. Meta Platforms stock also fell 3.9% and lost a total of 6.2% over the past week.

(According to CNBC)

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