Wall Street ends lower as war in Ukraine stirs uncertainty | Malay Mail

NEW YORK, March 4 ― Wall Street ended lower yesterday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.

“The market is entirely locked on what this geopolitical turmoil looks like,” said Ross Mayfield, an investment strategist at Baird in Louisville, Kentucky. “Volatility is likely to remain for probably the near term, and maybe even the medium term, because I just don't see what an acceptable off ramp in the next couple of weeks for Ukraine or Putin.”

Wall Street surged in the previous session after Fed Chair Jerome Powell said he would back a quarter point rate increase at the March 15-16 meeting, assuaging some fears of a more aggressive hike. The Dow Jones Industrial Average fell 0.29 per cent to end at 33,794.66 points, while the S&P 500 lost 0.53 per cent to 4,363.49.Volume on US exchanges was 12.6 billion shares, the lowest in six days, according to Refinitiv data.

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