(CercleFinance.com) – A negative bias prevailed on Wall Street on Monday, the persistent tensions between Russia and Ukraine having always prompted investors to be cautious. The Dow Jones fell 0.5% to 34,566 points, while the Nasdaq Composite ended sluggish at 13,791 points.
The New York Stock Exchange continued to be undermined by alarmist claims from Washington that a Russian invasion was ‘imminent’, prompting the White House to ask all Americans to leave Ukraine.
The head of Russian diplomacy, Sergei Lavrov, however came to ease the tension by affirming that the diplomatic channel was always privileged and that there was always a chance of reaching an agreement.
Risk aversion persisted despite this, prompting investors to turn to assets deemed safer, starting with gold, while oil prices soared on fears of disruption in the sector linked to the Ukrainian file.
In securities news, Cisco lost 1.3% on press reports that mentioned a possible takeover bid by the network technology giant for Splunk, a cloud data platform for cybersecurity.
3M shares fell 1% after the industrial conglomerate presented its objectives for the year 2022, forecasts which include an anticipated drop in demand for disposable respirators linked to Covid-19.
JPMorgan lost 0.9%, penalized by a lowering of Jefferies’ recommendation on the bank’s title from ‘buy’ to ‘hold’, with a price target reduced from 180 to 155 dollars, despite its positioning to take advantage of the rate hike.
Finally, Lockheed Martin dropped 2.3% the day after the defense group terminated its agreement to acquire Aerojet Rocketdyne, following the lawsuit brought by the United States Federal Trade Commission to block the acquisition. .
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