After a promising start to morning trading, the major stock indexes turned sharply negative Friday with the S&P 500 tumbling into bear market territory and the Dow Jones Industrial Average setting up for the longest streak of weekly losses since the Great Depression.
A massive PR firm that represents high-profile corporations like Coca-Cola, AT&T, and Starbucks is privately advising its clients to remain silent on abortion rights, according to an internal email obtained by Popular Information.
Stocks fell sharply in U.S. markets on Thursday morning, led by the technology and consumer discretionary sectors.
The Dow Jones Industrial Average fell by 1,100...
U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.
Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
Despite the pressure from climate change activists in the federal government and the private sector to cut back on drilling for oil, the price for fossil fuels is the highest since 2014.
The S&P 500 just ended its worst month since March 2020 as investors fret about coming interest rate hikes and uncertainty over the situation in Ukraine.
US President Joe Biden said on Friday that he is not concerned about the plunge in the US stock market and he had expected it over concerns related to the new Omicron coronavirus variant."I expected it," Biden told reporters when asked if he is worried about the stock market plunge.
