NEW YORK (dpa-AFX) – Glimmers of hope in the Ukraine conflict did not help the US stock market at the start of the week. Unlike the stock exchanges in Europe, the Dow Jones Industrial make no profits. The US leading index ended trading unchanged at 32,945.24 points. The market was saying that the potential for recovery was greater in Western Europe, since fears of the consequences of the war had recently become much more noticeable there. The New York Dow is currently only slightly below pre-invasion levels.
Other US indices even slipped clearly into the red on Monday: the market-wide S&P 500 fell 0.74 percent to 4173.11 points and the tech-heavy Nasdaq-100 even dropped by 1.92 percent to 13,046.64 points. He was weighed down by sharp price losses in the US notes of Chinese tech companies. Due to a time change that had already taken place in the USA, trading in European time ended one hour earlier than usual.
The fourth ceasefire talks between Russia and Ukraine were held on Monday – this time via video link. According to information from Kyiv, talks about an end to the fighting have been interrupted, but are to be continued this Tuesday. It is a technical break for talks in working groups and a “clarification of individual definitions,” explained Ukrainian presidential adviser Mykhailo Podoliak.
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