News article in McDonald’s website confirms that after more than 30 years of operations in the country, McDonald’s Corporation...


McDonald’s To Exit from Russia after 30 Years of Service in the Country

The dollar slipped against other major currencies for a third straight day on Tuesday, tempering a long rally as investors cashed out and trimmed bets on U.S...

Stock Markets

Dollar Slipped against other Major Currencies as Focus turns to Growth

Asian shares rise on Tuesday, boosted by technology majors, as hopes expectation grow for an easing of China's regulatory crackdown on...

Stock Markets

Asian Shares Rise on High Expectation of Easing China Tech Crackdown

On Friday, Elon Musk revealed that his $44 billion takeover deal for Twitter Inc. has been put “temporarily on hold”, triggering a share plunge...

Stock Markets

Musk’s $44 Billion Twitter Acquisition Deal ‘on Hold’ Causing Shares to Plunge

His Highness Sheikh Khalifa bin Zayed Al Nahyan, the President of the United Arab Emirates and Ruler of Abu Dhabi, has passed away on Friday, May 13, aged 73...


RIP: UAE’s Sheikh Khalifa Bin Zayed Al Nahyan Passes Away

Stock Markets

21 Mar 2022

Dow Futures Plummet by 150 Points amid Ukraine-Russia Talks and Fed Speeches

Dow Futures Plummet by 150 Points amid Ukraine-Russia Talks and Fed Speeches

The Index Today

Dow futures edged lower on Monday after sustaining major gains the previous week as a number of officials at the U.S. Federal Reserve prepare to speak this week following the first interest rate hike, amid ongoing peace talks between Ukraine and Russia.

Dow futures contract fell by 150 points (0.4%) at 7am ET (1100 GMT), while the S&P 500 futures and Nasdaq 100 futures dropped by 10 points (0.2%) and 60 points (0.4%) respectively. This comes after Wall Street’s three major indexes soared last week with S&P 500 rising by 6.2%, Dow inching up by 5.5% and Nasdaq surging by 8.2%.

This comes after the Fed instituted the first of several interest rate hikes for the year on Wednesday following its monetary policy meeting. Fed President Jerome Powell is expected to speak before the National Association for Business Economics about the economic outlook on Monday. Other Fed members are also due to speak throughout this week — less than a week after the Fed’s first interest rate hike came into effect.

Meanwhile, diplomatic negotiations between Ukraine and Russia have slowed as per a spokesperson for Russia, after Ukraine refused to surrender Mariupol, thus preventing a meeting between the presidents of both countries.

©Photo: Paul Taggart | Bloomberg | Getty Images