US turns red at close after turbulent session

Tuesday, 08. March 2022 22:00

Major stock markets in the United States closed lower on Tuesday as companies, such as Amazon.com Inc., Lumen Technologies Inc., Starbucks Corporation, PepsiCO Inc. and many others continued to halt business activities with Russia. Meanwhile, Russian President Vladimir Putin signed legislation that would counteract the sanctions imposed on Russia.

Apple Inc. held an event on Tuesday to reveal a new "Mac Studio" computer and a standalone monitor "Studio Display".

The Dow Jones fell 0.56% or 184 points at the closing bell as Procter & Gamble declined 3.98%. At the same time, the Nasdaq 100 was down by 0.39%, with Intuitive Surgical plummeting 7.98%. The S&P 500 decreased by 0.72% as Seagate Technology plunged 9.51%.

The euro gained 0.33% against the dollar at 3:58 pm ET, selling for $1.09068.

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Author:
Baha Breaking News (BBN) / AY