Key Wall Street indicators are moving in the negative amid escalating geopolitical concerns as tensions peak in Eastern Europe following Russian President Vladimir Putin’s decision to send “peacekeeping forces” to the “Donetsk and Luhansk People’s Republics”. recognition of the independence of the two regions on Monday night.
The mission of Russian forces in the region “will be to maintain peace,” the Kremlin said. US and EU condemned the actions of Russia, speaking of a blatant violation of the national sovereignty of Ukraine and international law.
The White House has said that President Joe Biden will issue an executive order “prohibiting new investment, trade, and financing by American citizens” in the area, and a second round of sanctions against Moscow is expected.
Germany, meanwhile, announced the freezing of work on the certification of the Nord Stream pipeline, at the same time that the EU is preparing for a comprehensive package of sanctions.
Indicators – Statistics
On the board, the Dow Jones industrial average lost 138.58 points or -0.41% at 33,940.60 points, while the broader S&P 500 fell 2.73 points or -0.06% to 4,347.42 points. The technology Nasdaq loses 28.08 points or -0.18% to 13,524.60 points.
Of the 30 stocks that make up the Dow Jones industrial average, 15 are moving with a positive sign and 15 with a negative. Salesforce.com Inc. recorded the largest increase. with gains of $ 2.42 or 1.23% at $ 199.26, followed by Honeywell International at $ 184.05 with gains of 1.05% and Caterpillar at $ 193.50 with an increase of 0.81% .
The three stocks with the biggest losses are Home Depot (-5.53%), Boeing (-2.66%) and Nike (-1.79%).
From the front of the results, Home Depot announced profits and sales that exceeded analysts’ estimates, as well as an increase in its dividend by 15%.
Macy’s Inc.’s earnings were also better than expected. with the company proceeding to increase the quarterly dividend.
At the macro level, US home prices continued to make strong gains in December, with analysts estimating, however, that the rise in interest rates on mortgages due to the forthcoming tightening of monetary policy by the Federal Reserve will hit the market in the coming months.
In particular, the S&P CoreLogic Case-Shiller index for 20 major metropolitan areas rose 18.6% year-on-year in December, after rising 18.3% last month. On a monthly basis, the index increased by 1.5%.
Nationwide, the Case-Shiller index has risen 18.8% since December 2020.
At the same time, the Federal Housing Service (FHFA) also announced that the index for housing prices increased by 17.5% in the first quarter of 2021 compared to the corresponding quarter of 2020. Prices increased by 1.2% in December from the previous month.
Source: Capital
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