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WAR IS ON!
By Staff Reporters
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US Exchange: US stocks climbed out of a deep hole to close higher as investors piled into Big Tech names. One sector that got a boost from the war’s outbreak was cybersecurity: Firms like CrowdStrike surged in anticipation of more cyberattacks from Russia.
10 Year T-Bond: 1.971 down
Russian Exchange: The stock exchange in Moscow suspended trading yesterday but when dealing resumed, stocks went into free-fall. The MOEX index plunged as much as 45%, while the RTS index — which is denominated in dollars — was down more than 40% at 4.15 a.m. ET. The crash wiped about $75 billion off the value of Russia’s biggest companies.
Russian Banks and Oil: These companies were among the hardest hit in volatile trading, with shares in Sberbank — Russia’s largest lender — at one stage losing 57% of their value. Rosneft, in which BP owns a 19.75% stake, plunged as much as 58%. BP shares dropped 5% in London.
Russian Ruble: 1 US Dollar = 82.92 Russian Ruble
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CITE: https://www.r2library.com/Resource/Title/0826102549
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Filed under: Alerts Sign-Up, Investing, LifeStyle | Tagged: bonds, BP, CrowdStrike, MOEX, Rosneft, RTS Index, Russian Banks, Russian Ruble, russion oil, Sberbank |
BETTER?
Some relief flowed through Wall Street today even as deadly attacks continued to rage in Ukraine. Stocks rose, oil fell and investors turned away from gold and other traditional havens they favor when fear is high.
Kirk
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