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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 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. Official government accounts have also spread fake fact checks. An official Twitter account for the Russia diplomatic mission in Geneva shared a fake debunking video claiming without evidence that "Western and Ukrainian media are creating thousands of fake news on Russia every day." The video, which has amassed almost 30,000 views, offered a "how-to" spot misinformation. Crude oil prices edged higher after tumbling on Thursday, when U.S. West Texas intermediate slid back below $110 per barrel after topping as much as $130 a barrel in recent sessions. Still, gas prices at the pump rose to fresh highs. Two days after Russia invaded Ukraine, an account on the Telegram messaging platform posing as President Volodymyr Zelenskiy urged his armed forces to surrender.
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𝑪𝒐𝒍𝒆 𝑺𝒑𝒓𝒐𝒖𝒔𝒆🎥𝑨𝒒𝒖𝒊́ 𝒆𝒏𝒄𝒐𝒏𝒕𝒓𝒂𝒓𝒂𝒔: 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒄𝒊𝒐́𝒏, 𝒇𝒐𝒕𝒐𝒔, 𝒇𝒐𝒏𝒅𝒐𝒔,𝒕𝒆𝒎𝒂𝒔 ¡𝒀 𝒎𝒖𝒄𝒉𝒐 𝒎𝒂́𝒔! 💸

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📌•06/10/20

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