Wall Street opens red and Dow Jones drops 0.50% in the face of prospect of a long war

New York, 18 Mar Wall Street opened this Friday in red and the Dow Jones Industrialists, its main indicator, was down 0.50%, with investors concerned about the evolution of the armed conflict in Ukraine and the stagnation of negotiations.
Ten minutes after the start of trading on the New York Stock Exchange, the Dow Jones fell 172.76 points to 34,308, while the selective S&P 500 fell by 0.32% or 13.95 whole to 4,397.72.
For its part, the Nasdaq index was left in the early stages 0.27% or 36.40 units, up to 13,578.38.
Wall Street started the session at a loss after closing yesterday in positive a day that had also started downhill.
On the one hand, Russian President Vladimir Putin has confirmed the reports already made by the Russian Government about the stalemate in the negotiations between Moscow and Kiev.
As reported today by the Kremlin, the Russian president told German Chancellor Olaf Scholz during a telephone call that “the Kiev regime aspires to bog down the negotiating process as much as possible, by increasingly presenting new, unrealistic proposals.”
In addition, the US Pentagon’s Defense Intelligence Agency noted that President Putin can be expected to threaten to use nuclear weapons against the West if heavy Ukrainian resistance to the Russian invasion continues.
Today, US President Joe Bide is scheduled to speak to his Chinese counterpart Xi Jinping on the phone about the armed conflict.
Most sectors started in the negative, with the most losses splashing on communications (-0.72%), industrial (-0.63%) and finance (-0.61%), while only public services (0.23%), real estate (0.2 per cent) and energy (0.1 per cent) opened positively.
Among the thirty values of the Dow Jones, only Boeing (0.58%), Merck (0.48%), Nike (0.25%) and Chevron (0.18%) advanced, while Walgreens (-1.97%), Intel (-1.61%), Caterpillar (-1.25%) and Goldman Sachs (-1.25%) stood out.
In other markets, Texas oil rose to $104.28 per barrel, gold fell to $1,927.30 per ounce, 10-year Treasury yield fell to 2.157 per cent, and the dollar gained ground against the euro, with a change of 1.1.

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