6/27, 10:02 PM (Source: TeleTrader)
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US closes lower after G7 meeting

Major stock market indexes in the United States closed lower on Monday following the second day of the Group of Seven's (G7) ongoing summit, after which the alliance said it is still reviewing the situation concerning Russia's intervention in Ukraine. Meanwhile, Washington and Canada imposed additional sanctions on Moscow. The crisis led to a further decline in the US's Strategic Petroleum Reserve (SPR), which landed at its lowest level since April 1986.

The Dow Jones Industrial Average closed 0.19% lower as Salesforce Inc. fell by 2.48%. The Nasdaq 100 dropped by 0.98% or 118 points, with Lucid Group Inc. sinking by 4.27%. The S&P 500 decreased by 0.29% as Etsy Inc. went down by 3.55%.

The euro gained 0.22% to the dollar to sell for $1.05804 at 3:58 pm ET. At the same time, the pound sterling lost 0.08% to the greenback to go for $1.22645.

Baha Breaking News (BBN) / JR