October 3, 2022

Brighton Journal

Complete News World

The Dow fell more than 400 points and oil and gold jumped

The Dow fell more than 400 points and oil and gold jumped

we Stores sank on Monday as investors weighed the latest developments regarding Russia’s invasion of Ukraine in exchange for the United States’ expansion of sanctions against Russia’s central bank by Freezing all owned assets by the Americans.

The Dow Jones Industrial Average was down over 450 points, or 1.4%, while the S&P 500 was down 1.1% and the Nasdaq Composite was down 0.6%.

Russia and Ukraine: live updates

tape protection the last they change they change %
Me: DJI Dow Jones averages 33688.11 -370.64 -1.09%
SP500 Standard & Poor’s 500 4350.7 -33.95 -0.77%
I: COMP Nasdaq Composite Index 13661.82393 -32.80 -0.24%

Inflation and monetary policy errors pose a threat to the US economy: NAB

Early Monday, the ruble fell more than 30% after the move to block Russian banks from the SWIFT payments system. The sanctions include restrictions designed to impede the Russian Central Bank’s access to more than $600 billion in reserves and impede its ability to prop up the ruble. In the fray, the Russian Central Bank raised its key interest rate to 20% from 9.5% in a desperate attempt to prop up the falling ruble and prevent a scramble for banks.

Russia raises key rate to 20%, tells companies to sell foreign currency

Russian exchange-traded funds have come under pressure.

tape protection the last they change they change %
RUSL Direxion ETF Trusts Russia Daily 9.68 -1.65 -14.56%
RSX RUSSIA VANECK VECTORS BOX 11.46 -4.19 -26.76%
eros ISHARES INC MSCI RUSSIA CAPPED ETF 20.31 -4.67 -18.70%

Oil prices rose on Monday, with the benchmark US crude price nearing $96 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude is hovering at $98 a barrel.

tape protection the last they change they change %
USO United States Petroleum Fund LP 67.20 +1.40 + 2.13%
BNO United STS BRENT OIL FD LP UNIT 26.94 +0.68 + 2.59%

Gold rose above $1900 as investors moved to safer assets amid volatility hitting US stocks.

tape protection the last they change they change %
GLD SPDR Gold Stock Confidence – EUR ACC 178.25 +1.69 + 0.96%

In stocks to watch, BP confirmed Sunday that it will divest its stake in Russian energy company Rosneft — the latest private severing of ties with Russia as the global superpower invades neighboring Ukraine. BP, which has held a 19.75% stake in Rosneft since 2013, also said its chief executive, Bernard Looney, would resign from the Russian company’s board, effective immediately. Bob Dudley, the former chief executive of BP, will also resign from Rosneft’s board of directors.

tape protection the last they change they change %
BP BP PLC 28.54 -2.19 -7.13%

Defense stocks rose like Germany announced plans To increase military spending to 2% of output.

tape protection the last they change they change %
LMT Lockheed Martin Corporation. 424.02 +17.33 + 4.26%
No objection certificate Northrop Grumman Corp. 427.52 +17.80 + 4.34%
RTX Raytheon Technologies Corporation. 100.2819 +2.13 + 2.17%

In earnings news on Monday, Lordstown Motors, Nielsen, Party City and Tigna before the market open and SmileDirectClub, Workday and Zoom Video Communications after the bell.

tape protection the last they change they change %
ride Lordstown Motors 2.71 -0.51 -15.73%
NLSN NIELSEN HOLDINGS PLC 17.20 -0.37 -2.11%
PRTY Terminal City Holdco Inc. 4.56 +0.16 + 3.64%
TGNA TEGNA INC. 22.81 +0.11 + 0.48%
SDC SMILEDIRECTCLUB INC. 2.22 +0.01 + 0.45%
day WORKDAY INC. 230.08 +4.85 + 2.15%
ZM ZOOM VIDEO COMMUNICATIONS INC. 126.86 +1.54 + 1.23%

The German company E.ON rejects HALTING NORD STREAM 1 PIPELINE – PAPER

In cryptocurrencies, Bitcoin is hovering around the $38,000 level.

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