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✲Sᴏᴜʟ•Hᴀᴄᴋᴇʀ•Fʀᴇᴇɴᴇᴛ•Cʀᴇᴀᴛᴏʀ✲ Telegram | DID YOU KNOW?
Date: | ✲Sᴏᴜʟ•Hᴀᴄᴋᴇʀ•Fʀᴇᴇɴᴇᴛ•Cʀᴇᴀᴛᴏʀ✲
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. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. The Securities and Exchange Board of India (Sebi) had carried out a similar exercise in 2017 in a matter related to circulation of messages through WhatsApp. The regulator said it has been undertaking several campaigns to educate the investors to be vigilant while taking investment decisions based on stock tips. The S&P 500 fell 1.3% to 4,204.36, and the Dow Jones Industrial Average was down 0.7% to 32,943.33. The Dow posted a fifth straight weekly loss — its longest losing streak since 2019. The Nasdaq Composite tumbled 2.2% to 12,843.81. Though all three indexes opened in the green, stocks took a turn after a new report showed U.S. consumer sentiment deteriorated more than expected in early March as consumers' inflation expectations soared to the highest since 1981.
✲Sᴏᴜʟ•Hᴀᴄᴋᴇʀ•Fʀᴇᴇɴᴇᴛ•Cʀᴇᴀᴛᴏʀ✲ from JP