Far from the lows of the day the closing of the Wall, heavy losses in the month

LAST UPDATE 23:40

The Dow Jones industrial average and the wider S&P 500 traded lower on Monday, although they narrowed their losses significantly in the end, while the technology Nasdaq managed to move upwards, with the war in Ukraine monopolizing attention today. of investors.

The Russian invasion of Ukraine has triggered the biggest crisis in Western-Russian relations since the end of the Cold War. The West has announced a barrage of sanctions against Moscow, targeting the country’s financial sector, while at the same time organizing the shipment of huge volumes of military equipment to Ukraine to strengthen the country’s defense against Russian military forces.

For its part, Moscow warned today that those who supply deadly weapons to Ukraine “will be held accountable”, stressing that Russia would give a “tough response”. This follows the decision of Russian President Vladimir Putin to upgrade the country’s nuclear forces to an enhanced combat service.

Meanwhile, Ukrainian forces continue to resist Russian attacks in Kyiv and other major cities in the east of the country. Investment attention turned today to talks between the two sides on the border with Belarus, which, although fruitless, left a glimmer of hope as the two delegations agreed to hold a second round of talks in the near future.

Indicators – Statistics

On the board, the Dow Jones industrial average lost 166.15 points or -0.49% to 33,892.60 points, while the S&P 500 fell 10.71 points or -0.24% to 4,373.94 points. The technology Nasdaq gained 56.77 points or 0.41% and closed at 13,751.40 points.

On a monthly basis, the industrial Dow Jones lost 3.6%, the broader S&P 500 fell 3.1%, while the technology Nasdaq slipped 3.4%.

The S&P 500 loses more than 8% overall in the first two months of 2022, while the technology Nasdaq over 12%. This is the worst performance since the market collapsed in February-March 2020 due to the outbreak of the coronavirus pandemic.

Of the 30 stocks that make up the Dow Jones industrial average, 10 closed with a positive sign and 20 with a negative. Chevron was up $ 3.62, or 2.58%, at $ 144.00, followed by Boeing at $ 205.34 and Salesforce.com up 1.17%. % at $ 210.53

The three stocks with the biggest losses were JPMorgan Chase (-4.17%), Goldman Sachs Group (-2.52%) and Nike (-1.62%).

Investors are trying to assess the impact of the crisis on monetary policy in the coming months, with analysts not ruling out that the Federal Reserve may be more cautious in the coming months, taking a less aggressive approach to see the impact of the crisis on the economy. development.

Inflationary pressures, however, may escalate further in the coming months due to the rally in energy prices, putting a final end to the central banks’ narrative of transient inflation.