ROUNDUP/New York stocks: Losses as euphoria over Ukraine talks wanes | 03/17/22

NEW YORK (dpa-AFX) – The recently strong US stock markets recorded moderate losses on Thursday. Most recently, the leading index Dow Jones Industrial (Dow Jones 30 Industrial) lost 0.18 percent to 34,001.71 points. The broader S&P 500 was down 0.18 percent to 4,350.13 points, and the tech-heavy NASDAQ 100 index index fell 0.58 percent to 13,876.22 points.

Statements by the Russian government that reports of major progress in talks between Russia and Ukraine were false caused disillusionment. Nevertheless, the warring parties would continue to talk to each other. In the past few days, statements from the negotiating delegations had raised hopes of a cautious rapprochement.

Price-moving company news was rare on Thursday. Nutrien (Ex Potash Agrium) shares were up 4.2 percent at $97.71. The fertilizer company had announced that it wanted to significantly expand its production in the current year and thus also compensate for losses in Eastern Europe due to the Russian war of aggression against Ukraine. Since it began three weeks ago, the stock has at times gained more than a third in value – after a record high of $ 102.25 almost a week ago, it has fallen back somewhat.

In the case of the department store chain Dollar General, shareholders were pleased about a price increase of almost three percent. The company’s earnings per share fell last quarter, in line with market expectations. However, the outlook for the year was positive.

Conversely, some technology stocks paid some tribute to the previous day’s jumps. The shares of the Chinese industry representatives Pinduoduo, JD.com and Baidu listed on the Nasdaq lost up to almost eleven percent. In the Dow, Apple fell by almost one percent./gl/stw

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