The NYSE was mixed amid stricter Western sanctions against Russia, including the United States.
On the 28th (U.S. Eastern Time), the Standard & Poor’s 500 Index closed at 4,373.79, down ▽ 10.86 points (-0.25%) from the previous day.
The NASDAQ 100 index closed at 14,237.81, up 48.65 points (0.34%) from the previous day.
The technology-oriented NASDAQ Composite Index closed at 13,751.4, up △ 56.77 points (0.41%) from the previous day.
The Dow Jones Industrial Index closed at 33,892.6, down ▽166.15 points (-0.49%) from the previous day.
The Russell 2000 Index, which reflects small and medium-sized stocks, closed at 2,042.7, up △ 1.77 points (0.09%) from the previous day.
The CBOE VIX volatility index closed at 30.15, up △ 2.56 points (9.28%) from the previous day.
As Western sanctions against Russia are strengthened, the market is paying attention to the resulting economic aftermath including NYSE.
The U.S. announced additional sanctions to completely block transactions with Russia’s central bank, sovereign wealth fund and the Russian Treasury Department. As a result, all assets owned by the Russian central bank in the U.S. were frozen.
Major European alliances, including the U.S., Britain, France, and Italy, and Canada and Japan announced last weekend that they would completely sanction Russian central banks and sovereign wealth funds, excluding Russian banks from the SWIFT payment network.
As the value of the Russian rubles fell nearly 30% in the Asian market, Russia’s central bank sharply raised its key interest rate from 9.5 percent to 20 percent to defend against the fall in the rubles.
In response to Western sanctions such as the U.S., Russia announced measures to ban its residents from transferring funds to overseas bank accounts and block repayment of foreign debt from March 1.
The news has led to a significant drop in the value of Russian bonds and rubles due to the increased risk of default on Russian bonds.
International oil prices also rose again as geopolitical tensions continued, with West Texas crude oil prices rising to $95 a barrel, while Brent oil rose to $101. Wall Street’s fear index, the VIX, rose nearly 10%, exceeding 30.
Within the S&P 500 index, real estate, finance, essential consumer goods, materials (materials), health and technology-related stocks fell, while energy, industry, discretionary consumer goods and utility-related stocks rose.
