This comes as no surprise.
The Dow Jones Industrial Average and other markets are reacting to Russia's invasion of Ukraine.
From CNBC:
U.S. stock futures fell sharply Thursday as Russia attacked Ukraine, causing global energy prices to jump and sending investors fleeing for the safety of fixed income assets.
The invasion comes as global equity markets were already reeling because of decades-high inflation stemming from the pandemic.
S&P 500 futures were down 2.5%, set to plunge the benchmark further into correction territory. The index closed Wednesday 12% off its record high. Dow Jones Industrial average futures fell 810 points, or 2.4%. The blue-chip measure closed Wednesday more than 10% off its record. Nasdaq 100 futures declined 3%. The Nasdaq Composite is teetering on bear market territory, down just less than 20% from its high through Wednesday’s close.
I anticipated this. I transferred most of my investments to the safety of money markets last week. They don't pay much in interest, but at least I won't be losing anything.
To read more, go here.
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