What happened to the stock market today?

STOCK market uncertainties continue as many Americans worry about the ongoing Covid-19 pandemic and tensions with Russia.

Stocks also took a nosedive on Monday, January 24, ahead of the Federal Reserve's policy meeting.

What happened to the stock market today?

On Monday, January 24, 2022, Dow Jones was down more than 1,000 points.

The S&P 500 fell 1.8 percent while Nasdaq was down 1.6 percent.

Stocks being down signalled a bad start to the New Year.

Stocks dropped ahead of the Fed's meeting which will end Wednesday.

Investors are also worried about the ongoing tensions between Ukraine and Russia.

The US State Department cautioned Americans in Ukraine should leave as soon as possible and non-emergency diplomatic employees were told to leave the country.

The State Department also issued a travel advisory warning Americans to avoid traveling to Russia or Ukraine.

Most read in US News


Death row killer wanted THREE PINTS of strawberry ice cream before execution


Luxury life of girl who became a millionaire at SIX & had chauffeur-driven car


Scary 'threat' against school cheerleaders as ‘13 sacrifices’ scrawled on pic


Family of 3 all found dead in their car days after going missing in bad weather

What is happening in Ukraine?

Tensions between Russia and Ukraine have been increasing. It's feared Russian President Vladimir Putin will launch an invasion into Ukraine.

Russia has said in the past it does not have to attack Ukraine. However, the country has moved tens of thousands of troops to its border with Ukraine.

According to Fox News, Pentagon press secretary John Kirby said the US is "deeply concerned about the current situation in Europe."

"We remain keenly focused on Russia's unusual military activities near the Ukrainian border, including in Belarus, and consulting extensively with our transatlantic allies and partners. The department continues to support diplomatic efforts to deescalate the situation," he continued.

What causes a stock market crash?

A stock market crash is when the market suddenly declines in prices over a major section.

This can be caused by speculation and panic-selling, which can result from rumors and factors like inflation.

Some major crashes include the Dot-Com crash of 2000, caused by investors creating an economic bubble by investing in tech companies.

In 2008, Dow Jones saw the biggest point drop in its history at the time, losing over 700 points in one day.

Stock Market Timeline:

  • January 24, 2022: Stocks were down amid tensions between Russia and inflation woes.
  • November 25, 2021: Stocks decline as Down losts 1,000 points, S&P loses 2.3 percent and Nasdaq declines 2.2 percent
  • September 28, 2021: Stocks decline as Dow loses 600 points, S&P loses 2.1 percent, and Nasdaq declines 2.8 percent
  • February 23, 2021: Stocks decline as Dow loses 70 points, S&P loses .05 percent, and Nasdaq declines 1.3 percent

We pay for your stories!

Do you have a story for The US Sun team?

Email us at exclusive@the-sun.com or call 212 416 4552.

Like us on Facebook at www.facebook.com/TheSunUS and follow us from our main Twitter account at @TheSunUS

    Source: Read Full Article