Berlin, Bangalore The fear of new sanctions in the Ukraine war pushed Wall Street into the red on Tuesday. As before in Europe, the fact that the EU Commission wants to propose import bans on coal, wood, cement, rubber and chemicals as well as caviar and vodka with a value of up to nine billion euros a year caused a stir. The US also tightened its measures: the US Treasury Department prevented Russia from making payments of more than $600 million due to its creditors from the foreign exchange reserves held at US banks.
The Dow Jones index of standard values closed 0.8 percent lower at 34,641 points. The tech-heavy Nasdaq fell 2.3 percent to 14,204 points. The broad S&P 500 lost 1.3 percent to 4525 points.
Twitter was once again the focus of investors: Tesla boss Elon Musk is to move into the supervisory board of the short message service. It was announced on Monday that Musk holds a 9.2 percent stake in Twitter, making it the largest single shareholder. Twitter shares rose another 2 percent after gaining 27 percent the previous day. Twitter founder Jack Dorsey praised Musk in a tweet, saying, “He’s a passionate supporter and fierce critic of our service, which is exactly what we need at Twitter and on the board to be stronger over the long term.” Tesla stock, on the other hand, was down 4 .7 percent feathers.
Carnival shares rose 2.4 percent after the cruise line announced the best booking week in its history.
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Among the weakest stocks in the Nasdaq 100, Moderna’s shares fell by a good six percent. The African Union and the vaccine initiative Covax had decided against purchasing hundreds of millions of additional doses of the Corona vaccine from Moderna. Stockbrokers interpreted this as a sign of dwindling demand as the pandemic subsided in low-income countries.
US stock market expert Koch: “Increasing tensions with Russia are fueling recession trade”
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