Tag: roils

Stocks stage massive comeback after Russian attack on Ukraine roils global markets

Christina Lobo

U.S. stocks staged a massive reversal Thursday after Wall Street’s main benchmarks each plunged more than 2% in early trading as Russia’s military invasion of Ukraine roiled financial markets around the globe.

[Click here to read how stocks are trading heading into Friday, February 25]

The Nasdaq Composite rebounded from a morning sell-off that saw the index tumble more than 3% to close 3.4%, or 436 points higher, at 13,473.58 in its best day of 2022. The Dow Jones Industrial Average closed in positive territory after plunging more than 800 points during intraday trading, and the S&P 500 bounced back

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‘Upside down again’: Omicron surge roils U.S. smaller companies

Christina Lobo

LUBBOCK, Texas, Jan 16 (Reuters) – Phillip Howard pointed towards a stack of black ski trousers piled atop a counter in his winter sports activities shop as evidence of the hurdles compact enterprise house owners even now encounter as the pandemic drags on.

The trousers were supposed to get there by August at Troy’s Ski Lubbock store in west Texas – very well ahead of his five-thirty day period very hot season of promoting that kicks off in Oct. Alternatively, they came from China the initially 7 days of January, delayed by supply-chain failures.

“Late-arriving item definitely kills us,” Howard

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