TELETRADER News
3/23/2022, 6:18 PM (Source: TeleTrader)
more TeleTrader news

US markets extend losses, Dow down 350 pts

Major stock markets in the United States extended losses deep in the session on Wednesday, with Dow plunging 350 points at 1:18 pm ET. The United States home sales were down by 2% in February. Adobe's revenue for the first quarter of the fiscal year 2022 saw an annual rise of 9%.

Meanwhile, export credit agencies (ECA) of the United Kingdom, the United States and Canada have withdrawn all financial support for Russia and Belarus, while Ukraine urged Belarus not to get dragged into Russia's conflict with the country.

The Dow Jones plunged 1.04% or 360 points, at 1:21 pm ET. The Nasdaq 100 was down 0.79% at 1:22 pm ET, with Adobe plummeting 9.34% a minute later. The S&P 500 declined 0.82% at 1:22 pm ET.

The euro lost 0.25% against the dollar at 1:33 pm ET, selling for $1.09996.

Baha Breaking News (BBN) / AY