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Stocks dropped on Friday afternoon, as gains made earlier in the day on hopes for diplomatic progress between Russia and Ukraine turned to losses. Technology stocks were hit particularly hard by higher bond yields. Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. "This time we received the coordinates of enemy vehicles marked 'V' in Kyiv region," it added. However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said.
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