The mood on Wall Street was depressed at the start of the week.
(Photo: AP)
Berlin, NY US stock markets weakened on Thursday amid a trio of concerns. “You have inflation that seems widespread, there are signs of a change in US Federal Reserve policy, and then there are ongoing tensions with Russia and Ukraine,” said equity strategist Terry Sandven of US Bank Wealth Management.
Marc Chandler, chief strategist at trading house Bannockburn Global Forex, also pointed to the upcoming long weekend due to a US bank holiday on Monday: “There is no incentive for a market participant to fight risk-off sentiment ahead of a weekend when anything can happen. “
The Dow Jones index of standard values was 1.5 percent lower at 34,399 points. At the top he lost 545 points. The broader S&P 500 fell 1.8 percent to 4,394 points. The tech index Nasdaq 100 lost 2.4 percent to 14,247 points.
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