Oil price surge roils US stock markets, Dow enters correction
Drew Meredith, CFP
March 8, 2022
The surging oil price roiled US stock markets overnight on concerns about the impact it will have on global growth.
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The surging oil price roiled US stock markets overnight on concerns about the impact it will have on global growth.
The S&P/ASX 200 (ASX:XJO) delivered a 1.6% gain across the week while all three US benchmarks shed more than 1%. Here are my key takeaways.
The Dow Jones fell 0.5% on Friday, while the S&P 500 dropped 0.8% and the Nasdaq lost 1.7% as risk aversion remained prominent.
US stock markets have taken a breather overnight as Snowflake (NYSE:SNOW) and Salesforce (NYSE:CRM) shares are making headlines.
US stock markets benefitted from a seemingly dovish turn from Federal Reserve Governor Jerome Powell, sending all three benchmarks higher.
All three US stock markets pushed lower on the first day of March as Russia ramped up its attacks on Ukraine’s biggest cities.
The US stock market direction remains dominated by the events in Ukraine, with little in the way of company-specific news.
Zip Co Ltd (ASX: Z1P) has agreed to merge with Sezzle Inc (ASX: SZL) for $491 million as the buy-now-pay-later (BNPL) land grab heats up.
The S&P/ASX 200 (ASX:XJO) tumbled 4% across the week whilst US stock markets finished higher. Here are my three key investor takeaways.
The surging oil price roiled US stock markets overnight on concerns about the impact it will have on global growth.
The S&P/ASX 200 (ASX:XJO) delivered a 1.6% gain across the week while all three US benchmarks shed more than 1%. Here are my key takeaways.
The Dow Jones fell 0.5% on Friday, while the S&P 500 dropped 0.8% and the Nasdaq lost 1.7% as risk aversion remained prominent.
US stock markets have taken a breather overnight as Snowflake (NYSE:SNOW) and Salesforce (NYSE:CRM) shares are making headlines.
US stock markets benefitted from a seemingly dovish turn from Federal Reserve Governor Jerome Powell, sending all three benchmarks higher.
All three US stock markets pushed lower on the first day of March as Russia ramped up its attacks on Ukraine’s biggest cities.
The US stock market direction remains dominated by the events in Ukraine, with little in the way of company-specific news.
Zip Co Ltd (ASX: Z1P) has agreed to merge with Sezzle Inc (ASX: SZL) for $491 million as the buy-now-pay-later (BNPL) land grab heats up.
The S&P/ASX 200 (ASX:XJO) tumbled 4% across the week whilst US stock markets finished higher. Here are my three key investor takeaways.
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