NEW YORK (dpa-AFX) – The fear of a nuclear catastrophe in the wake of the war in Ukraine also affected the US stock markets at the end of a turbulent stock market week. On Friday, fighting took place at Europe’s largest nuclear power plant near the Ukrainian city of Zaporizhia, and fire broke out on the site. Oil and commodity prices remained high, fueling fears of recession and inflation. The focus was also on the US employment market report and its influence on US monetary policy.
Der Dow Jones Industrial
“The risks from the Ukraine war, the sanctions and counter-sanctions, high energy prices coupled with an uncertain oil and gas supply situation for Europe ensure that the environment on the financial markets continues to be fraught with risk and volatility,” said Erste Group experts.
Meanwhile, the US economy created significantly more jobs than expected in February. In addition, the increase in employment in the two previous months was revised upwards. The unemployment rate fell surprisingly significantly. The development of the labor market and high inflation made it necessary to adjust monetary policy, commented Ulrich Wortberg from Helaba.
Business figures caused movement for the individual stocks. Shares in pistol maker Smith & Wesson fell about 14 percent after a disappointing quarterly report. Costco’s shares fell 1.8 percent after the retail chain presented strong quarterly figures but warned of rising costs.
Clothing retailer Gap’s shares soared more than 10 percent in early trading after the annual figures were announced. Shortly thereafter, however, things went downhill rapidly. Most recently, they were down 1.4 percent.
A strong quarterly outlook left shares in semiconductor manufacturer Broadcom
Tesla stock
ISIN US2605661048 US6311011026 US78378X1072
AXC0396 2022-03-04/20:21
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