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3/30/2022, 10:00 PM (Source: TeleTrader)
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US closes lower after Biden remarks, Fed input

Major stock indexes in the United States traded with losses at the closing bell of Wednesday's session as the uncertainties of the Ukraine crisis continued, with US President Joe Biden promising Ukrainian President Volodymyr Zelensky $500 million of direct aid for the budget of the Kiev government.

On the economic front, Kansas City Fed President Esther George stated that an expeditious move towards a more neutral monetary policy stance would be "appropriate".

The Dow Jones dropped by 0.19% at the close, dragged down by The Home Depot Inc.'s 2.91% decline, while the Nasdaq 100 decreased by 1.10%, with Qualcomm plunging 5.18%. Furthermore, the S&P 500 slid to 0.63%, with its worst performer, PVH Corp., falling 6.54%. The euro increased 0.60% against the dollar, selling for 1.11521 at 15:58 ET.

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