𝐀𝐦𝐚𝐳𝐨𝐧 𝐂𝐀𝐑𝐃𝐈𝐍𝐆 𝐒𝐇𝐎𝐏

𝐀𝐦𝐚𝐳𝐨𝐧 𝐂𝐀𝐑𝐃𝐈𝐍𝐆 𝐒𝐇𝐎𝐏

𝐀𝐦𝐚𝐳𝐨𝐧 𝐂𝐀𝐑𝐃𝐈𝐍𝐆 𝐒𝐇𝐎𝐏 Telegram | DID YOU KNOW?

Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. A Russian Telegram channel with over 700,000 followers is spreading disinformation about Russia's invasion of Ukraine under the guise of providing "objective information" and fact-checking fake news. Its influence extends beyond the platform, with major Russian publications, government officials, and journalists citing the page's posts. 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 regulator said it had received information that messages containing stock tips and other investment advice with respect to selected listed companies are being widely circulated through websites and social media platforms such as Telegram, Facebook, WhatsApp and Instagram. Overall, extreme levels of fear in the market seems to have morphed into something more resembling concern. For example, the Cboe Volatility Index fell from its 2022 peak of 36, which it hit Monday, to around 30 on Friday, a sign of easing tensions. Meanwhile, while the price of WTI crude oil slipped from Sunday’s multiyear high $130 of barrel to $109 a pop. Markets have been expecting heavy restrictions on Russian oil, some of which the U.S. has already imposed, and that would reduce the global supply and bring about even more burdensome inflation.
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