Stock market today: Dow, S&P 500, Nasdaq slide as Russia-Ukraine tensions rattle markets
Published On Nov 19, 2024, 7:55 AM
US stock futures have declined due to rising concerns about the escalating Russia-Ukraine conflict, specifically regarding a nuclear doctrine signed by President Putin. This situation is overshadowing corporate earnings reports, including one from Nvidia, and leading to a flight to safety among investors with increased demand for bonds and gold. Major stock indices, like the Dow Jones and S&P 500, are experiencing a downturn, while safe-haven assets are gaining traction amidst this geopolitical uncertainty.
Stock Forecasts
SPY
Negative
The ongoing geopolitical tensions, particularly involving nuclear threats, are likely to keep investors on edge, leading them to sell off stocks in favor of safer assets. The anticipated volatility can negatively impact broader market sentiments, detracting from corporate earnings enthusiasm, even for strong performers like Walmart and Nvidia.
GLD
Positive
With increasing nuclear threat perceptions, interest in gold and other safe-haven assets is likely to rise. As investors pull back from equities, gold's price is expected to continue strengthening, particularly in the current climate of uncertainty.
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