Mixed image on the Wall – new leap for Twitter stock

Key Wall Street indexes are moving in mixed sign on Tuesday with investors watching closely the war in Ukraine and plans for new sanctions against Russia after the atrocities in the city of Bukha, with the cameras of international agencies recording hundreds of corpses on the streets after the withdrawal of Russian forces.

Kyiv has accused the Russian military of genocide, while US President Joe Biden yesterday called Vladimir Putin’s Russian counterpart a “war criminal” who should be held accountable.

The US Treasury Department has said it will no longer allow any payments in dollars from Russian government accounts to US financial institutions to service Russia’s public debt since Monday, meaning Russia is now closer to a historic declaration. stop payment.

For its part, the EU plans to announce a ban on coal imports from Russia.

Indicators – Statistics

On the board, the Dow Jones gained 93.56 points or 0.27% to 35,015.44 points, while the broader S&P 500 strengthened by 2.66 points or 0.06% to 4,585.30 points. The technology Nasdaq loses 60.95 points or -0.40% to 14,471.38 points.

Of the 30 stocks that make up the Dow Jones industrial average, 18 are moving with a positive sign and 12 with a negative. The biggest increase is recorded by Merck & Co. with gains of $ 1.75 or 2.10% at $ 85.24, followed by Chevron at $ 166.94 with an increase of 1.56% and Johnson & Johnson with gains of 1.46% at $ 179.04 .

On the other hand, the three stocks with the biggest losses are Salesforce (-1.36%), Intel (-0.95%) and JPMorgan Chase (-0.54%).

Meanwhile, US bond yields continue to attract investment attention amid growing speculation that the Federal Reserve will tighten its policy more rapidly, raising interest rates even higher by 50 basis points.

The 10-year yield in the US remains close to the two-year yield, while recently the yield on the nearest debt had surpassed that of the farthest debt. This reversal of the yield curve is often seen as indicating how the economy is heading for recession.

In business developments, the title of Twitter Inc marks a new jump of 5.6% after yesterday’s rally of 27% in the wake of the announcement that Tesla CEO Elon Musk has acquired a nearly 10% stake in the company. Musk was appointed a member of the Board. of the company with his term ending in 2024.

At the end of the day, data released today showed that the US trade deficit reached $ 89.2 billion in February, approaching the previous record, as the strong recovery of the US economy continues to give a strong boost to imports.

The trade deficit fell marginally 0.1% from a record high in January. Analysts’ average estimates in a WSJ poll put the deficit at $ 88.5 billion.

Government figures showed imports rose 1.3 percent in February to a record $ 317.8 billion, while exports climbed 1.8 percent to a record $ 228.6 billion.