The US markets have had a turbulent week.
(Photo: AP)
new York US stocks weakened ahead of a long weekend amid tensions in Ukraine. As before in Europe, reports of increasing fighting in the east of the country and the rebels’ announcement of evacuations weighed on the stock market.
The news of a planned meeting between US Secretary of State Antony Blinken and his Russian colleague Sergey Lavrov had a calming effect. In view of the uncertainty and because there will be no trading in the US on Monday because of the Washington’s Birthday holiday, investors did not want to take any major risks, said portfolio manager Robert Pavlik of wealth manager Dakota Wealth: “Nobody wants to go into the long weekend too exposed. “Chip manufacturers like Intel also weighed in.
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