It was a good thing that I moved my investment accounts to a "safe haven" two weeks ago.
Yesterday, the month of March did not have a good start as the Dow lost nearly 600 points due to the Russia/Ukraine war (we may as well call it that) and the surge in oil prices.
According to CNBC:
U.S. stocks slid Tuesday, the first day of March, as oil prices surged and investors continued to monitor the fighting between Russia and Ukraine.
The Dow Jones Industrial Average dropped 597.65 points, or 1.76%, to close at 33,294.95. The S&P 500 sank by 1.55% to 4,306.26, and the Nasdaq Composite slid 1.59% to 13,532.46.
The decline in stocks came as satellite cameras captured a convoy of Russian military vehicles apparently on its way to Kyiv, the Ukrainian capital. A U.S. defense official said Tuesday that 80% of the Russian troops that massed on Ukraine’s border last month have now entered the country.
We have Vlad the Invader to thank for all of this.
To read more, go here.
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