Market Recap – March 4th
The markets have continued to take a bashing for the fourth day in a row as the Russia-Ukraine war continues to grow in intensity. Indeed, The Dow Jones Industrial Average dropped 0.53%, The S&P 500 declined 0.79%, and Nasdaq Composite moved down 1.66% Friday. The moves came in response to news that smoke was visible from a major nuclear power plant in Ukraine after Russian troops attacked. Fears emerged across the globe as many worried about a Chernobyl 2.0 like event. Currently Russian forces have seized the plant and the U.S. embassy in Kyiv called the attack a war crime. We are watching both Bank of America and Ford. Bank of America has underperformed due to competitors and Ford has decided to split its electric-vehicle business from its traditional auto business.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.