Sectors Recap: Indexes fell nearly 2%, Consumer Defensive Won
@TigerObserver:
The major U.S. stock indexes appeared to be on the verge of an overall gain at midweek, only to end up negative after declining on Thursday and Friday. Indexes fell nearly 2%, and military tensions on the Russia-Ukraine border appeared to drive the markets. Weekly Index Returns from Last Week Other Markets: Amid inflation concerns and rising geopolitical conflict, the price of gold futures briefly eclipsed $1900, climbed to its highest level in about eight months, marking a 6% increase from a recent low in late January. U.S. crude oil prices were as high as $95 but retreated to around $92 on Friday, last week, an eight-week rally that pushed. The potential for additional oil exports from Iran helped to offset concerns related to supply disruptions stemming from the continuing Russia-Ukrain
