Despite the fact that the Dow Jones index did not change (0.00%), we cannot say that the US stock indices closed in different directions. The decline in the broad market index S&P500 -0.74% and moreover in the Nasdaq -2.04% were more indicative of a decline in the major market benchmarks.
Shares of all technology giants were under pressure from sellers. From Alphabet (GOOG) -3% and Amazon (AMZN) -2.5%, to Microsoft (MSFT) -1.3% and Nvidia (NVDA) -3.48%.
And if at the beginning of Asian platforms the futures on the American indexes could still ignore the next outbreak of Covid-19 in China, at the opening of the US exchanges the investors concentrated their attention on the pause in the negotiations between Moscow and Kiev and also on the first raising of FRS discount rate for three years which is expected this week.
U.S. stock indices lost 0.7%-2%. Oil fell below $100. Photo: Yandex
Not a word about the tragedy in Donetsk in the Western media. At least not in their financial content block.
Oil in the U.S. “went” below a hundred
At the trading in the U.S. oil prices have lost more than 5%. During the Asian session the decline continues. West Texas Intermediate fell 4.6%, breaking through psychological level of $100 per barrel and reaching $98.27. North Sea Brent trades relevantly: -4.71%, at $101.95.
There was a natural reaction in oil stocks: ExxonMobil (XOM) -3.58%. Chevron (CVX) -2.45%, ConocoPhillips (COP) -1.89%.
On Tuesday, Hong Kong’s Hang Seng Index (.HSI) remains in a down-trend, falling 3.8% early Tuesday after a nearly 5% sell-off the day before. Since the beginning of this month, losses on the index have reached 17%.
