[Economics] Wall Street fell sharply at the close due to fears of the Ukraine conflict

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(Reuters) - Wall Street closed sharply lower on Friday for a second straight session, with investors worried about escalating tensions between Russia and Ukraine.

 

Most of the indexes of the eleven major sectors of the Standard & Poor's 500 Index declined, led by the technology sector. The energy sector index rose as oil prices rose to their highest level in seven years.

Shares of Apple, Amazon, Nvidia and Microsoft fell and affected more than any other sectors the decline of the S&P 500.

 

According to preliminary data, the Standard & Poor's 500 index fell by 85.76 points, or 1.90, to close at 4418.32 points, while the Nasdaq Composite Index lost 400.02 points, or 2.83 percent, to 13,784.13 points. The Dow Jones Industrial Average fell 510.12 points, or 1.45 percent, to 3,471.47 points.

 

(Prepared by Ahmed Sobhi for the Arab Bulletin - Edited by Ahmed Hassan)