China News Agency, New York, February 24th. Russia's military action against Ukraine caused violent fluctuations in the U.S. stock market.
Compared with the previous day's close, the three major indexes started to dive. Compared with the previous day's close, the Dow Jones Industrial Average fell 2.51%, the S&P 500 fell 2.52%, and the Nasdaq Composite fell 3.17%, but almost immediately began to rebound.
After U.S. President Joe Biden delivered a televised speech on the situation in Ukraine that afternoon, the stock market recovery accelerated significantly.
At the close, the Dow closed at 33223.83 points, up 0.28%; the S&P 500 closed at 4288.70 points, up 1.5%; the Nasdaq closed at 13473.59 points, up 3.34%.
"The Wall Street Journal" said that due to supply chain problems and high inflation, the global economic recovery is already weak, and Russia's military action in Ukraine has made the global economy worse.
In the process, Europe could suffer the worst.
The New York Times said that with inflation already at a relatively high level, and the prospects for economic recovery are affected by the situation in Ukraine, the policy space left for major central banks led by the Federal Reserve has narrowed, and they will face difficulties in raising interest rates. choose.
The "Wall Street Journal" pointed out that some technology stocks and growth stocks in the US stock market rose significantly that day, because investors predicted that the actual pace of interest rate hikes by the Federal Reserve this year will be slower than previously announced plans based on the current situation.
This will help the market to reasonably value the share price of growth companies.
The Wall Street Journal quoted financial practitioners as saying that on the first day of Russia's military operation in Ukraine, a large amount of information emerged rapidly, which was difficult for investors to digest. In addition, Europe has not encountered such a large-scale military conflict for a long time. The script of the aspect." The next trend of the market still needs to be carefully observed.
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