Ukraine crisis and FED unsettle US investors

Frankfort, New York Fearing drastic interest rate hikes by the US Federal Reserve and an escalating Ukraine crisis, investors on Wall Street pulled the ripcord at the beginning of the week. The Dow Jones index of standard values ​​lost 1.5 percent to 33,729 points. The broader S&P 500 fell 1.8 percent to 4316 points. The index of the technology exchange Nasdaq fell by 2.1 percent to 13,476 points.

“The risk mix of geopolitical tensions, a rising oil price and the prospect of continued high inflation rates and higher interest rates means that investors are currently avoiding shares,” said analyst Jochen Stanzl from the online broker CMC Markets. The volatility indices VDax and VStoxx, which measure investors’ nervousness, rose by up to 21 percent.

It can also be assumed that the Ukraine issue will weigh on the markets for the foreseeable future, “until there is some kind of solution and more clarity on how things will turn out,” said Darren Schuringa, head of asset manager ASYMmetric ETFs.

With the Fed’s interest rate decision due on Wednesday, stock market traders will be eyeing just how concerned the Fed is about rising inflation and how aggressively it will try to contain it. The money market has already fully priced in a 25 basis point rate hike in March, as well as three more rate hikes by the end of the year.

Top jobs of the day

Find the best jobs now and
be notified by email.

Look at other individual values

Kohl’s: The prospect of a bidding war for Kohl’s gives the department store chain its biggest price jump in almost two years. Shares rose more than 34 percent to $62.87 at the Wall Street open. According to insiders, financial investor Sycamore wants to outbid Acadia’s offer of $64 per share. In the room is an offer of 65 dollars per share or a total of around nine billion dollars. Kohl’s confirmed expressions of interest but did not provide names or details.

US stock market expert Koch: “Tech stocks are really going downhill”

Peloton: Activist investor Blackwells Capital has called on the fitness equipment maker to fire its CEO and seek a sale of the company. The company’s stock is down more than 80 percent from its all-time high. At the start of the week, however, Peloton was trading a good eight percent higher.

GameStop and AMC: In the downward spiral of the stock exchanges, speculative objects, which are particularly popular with small investors, are also slipping. The papers of GameStop and AMC Entertainment each fall by around twelve percent. The prospect of rising interest rates is taking the wind out of gamblers’ sails, said Thomas Hayes, a managing director at Great Hill Capital. Last year GameStop was up 600 percent, AMC was up more than 1100 percent.

Coinbase: Shares of the cryptocurrency trading platform are down 9.7 percent, reflecting the cryptocurrency’s downtrend over the weekend and into the week. Bitcoin reached its lowest level since July last year.

More: What’s left of Reddit traders a year after the Gamestop rally

.
source site-14