The market crash of 2022
Stock futures fell early Friday following a sharp reversal on Wall Street as investors continued to assess the risks stemming from Russia’s invasion of Ukraine. The market was initially spooked by Moscow’s invasion against neighboring Ukraine early Thursday morning local time, using land, air and naval forces. The S&P 500 was down as much as 2.6% during the session but closed up 1.5% higher despite the outbreak of violence.President Joe Biden rolled out a new wave of sanctions against Russia Thursday afternoon in a broad effort to isolate Moscow from the global economy. The White House has also authorized additional troops to be stationed in Germany as NATO allies look to bolster defenses in Europe, Biden said.
The level 33185 is a crucial support level on weekly timeframe. A break of support can confirm market fall to unprecedented levels until we see a relief in the Russia- Ukraine situation. We can see 29450 levels otherwise.
