Most major stock indices in the United States depreciated over two percent at the beginning of trading. With this decline, the markets are responding to the war in Ukraine, following the scenario that is taking place on the major stock exchanges in Europe.
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The Dow Jones index depreciated by about 2.4 percent around 4:00 p.m. The broader Standard & Poor’s 500 index lost about two percent at the same time, while the Nasdaq Composite technology index fell 1.9 percent.
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The Nasdaq Composite Index has written off a total of over 20 percent since its peak, which, according to analysts, has entered a declining trend. The technology index, which includes many companies in the high-tech sector, fell more than 20 percent from its peak in November last year.
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With a decrease of at least ten percent, there is talk of a correction – the Dow Jones index has entered the correction phase.
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