5 straight weeks in a row ... Joy!
U.S. stocks end lower Friday, Dow books fifth straight week of losses as Biden says allies trying to avoid World War III U.S. stocks closed lower Friday, with all three major benchmarks booking another week of losses, after President Joe Biden called for a suspension of normal trade relations with Russia as part of sanctions designed to economically isolate Moscow for its unprovoked attack in Ukraine.
Tentative optimism about the war, tied to comments Russian President Vladimir Putin reportedly made about “positive” shifts in talks with Ukraine, faded after Ukraine’s foreign minister, Dmytro Kuleba, said he didn’t see any progress in Russian-Ukrainian talks..............
On Thursday, the Dow industrials closed down 112.18 points, or 0.3%, to 33,174.07. The S&P 500 dropped 0.4% to 4,259.52, and the Nasdaq Composite fell 0.9% to 13,129.96.
For the week, the S&P 500 lost 2.9%, while the Dow slid 2% and the Nasdaq dropped 3.5%. The Dow has seen five straight weeks of losses, its longest losing streak since the stretch ending May 31, 2019, while the S&P 500 and the Nasdaq each booked a second consecutive week of declines, according to Dow Jones Market Data. .............
https://www.marketwatch.com/story/u-s-stock-futures-rise-cautiously-as-russia-broadens-campaign-in-ukraine-11646996520?mod=home-page
