Tag: escalates

Monetary shares hammer Wall Road as Ukraine disaster escalates

Joel Hooper
  • Goal Corp climbs on robust 2022 outlook
  • Zoom slips on downbeat annual income, revenue forecast
  • Indexes down: Dow 2.05%, S&P 1.67%, Nasdaq 1.50%

March 1 (Reuters) – Wall Road’s major indexes slumped on Tuesday with monetary shares bearing the brunt for a second straight day because the Russia-Ukraine disaster deepened, whereas a surge in oil costs boosted shares of power firms.

Ten of the 11 main S&P sectors declined, with financials (.SPSY)tumbling 3.8% and monitoring its largest each day share decline since June 2020.

Wells Fargo misplaced 5.1%, whereas the broader banks index (.SPXBK) slid 4.9% as U.S. 10-year Treasury

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