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Student: Steban Andrés Rueda Ladino
Student: Steban Andrés Rueda Ladino
Course: ingles
The Dow Jones lost more than 800 points in early trading and the Nasdaq entered bear
market territory.
Stocks on the New York Stock Exchange opened sharply lower on Thursday after Russia
launched a military escalation toward Ukraine as Western nations prepare to announce
more sanctions against Moscow.
The Dow Jones Industrial Average fell as much as 850 points in early trading, or 2.6%, but
later corrected losses slightly. For its part, the S&P 500 index fell 2.5%; while the Nasdaq fell
3.2%, falling 20% below its all-time high and entering bear market territory for the first time
since March 2020.
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Russian stock market resumes trading and plunges more than 40%
Russian forces struck targets across Ukraine after President Vladimir Putin ordered an
operation to demilitarize the country, prompting a threat of more "severe sanctions" on
Moscow and sending markets around the world tumbling.
The Nasdaq 100 has fallen 21% since hitting an all-time high at the market close on Nov. 19
amid skyrocketing inflation, disappointing earnings and the prospect of conflict.
Global stocks also sank, with the Stoxx 600 Europe Index shedding 3.8% and Asian stocks
falling to their lowest level since 2020. Russian stocks fell by the most on record after a
trading suspension ended.
Main idea
financial impact caused by the dispute between russia and ukraine, in which more countries
are involved in a rise in the cost of living when seeing the increase in the market for this
reason rasuia is involved in a series of sanctions
vocavulari:
petroleum: a dark, thick oil obtained from under the ground, from which various substances
including petrol, paraffin, and diesel oil are produced
Bitcoin breached $39,000 for the first time in two weeks after traders speculated that the
largest cryptocurrency may have bottomed out after its recent collapse from all-time highs.
The digital asset rose as much as 2% to $39,267 before paring its gains. In November, the
coin hit a record high of nearly $69,000. Ether outperformed its biggest rival, rising as much
as 5% to $2,814. The solana token rose even higher, advancing close to 15% in the last 24
hours.
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Bitcoin's fall has no end, it accumulates 46% and dragged all the other crypto
Last month, expectations of monetary policy tightening helped fuel a bearish crisis in crypto
assets. However, confidence and risk appetite appear to be returning, according to a report
from Arcane Research. Over the past week, bitcoin has traded sideways with unusually low
volatility, the researchers said.
Bitcoin has developed a strong correlation with the US stock market, in particular the
Nasdaq 100 index, which includes mainly technology stocks. However, when the stock
market is not trending strongly in either direction, bitcoin is "its own enemy," said Nathan
Batchelor, lead bitcoin analyst at SIMETRI Research. The correlation between the Nasdaq
and Bitcoin currently stands at 0.45, where 1 equals stiff moves.
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“What makes cryptocurrency unique is that it has its own forces of attraction,” Batchelor
said. But he added that "when the stock market moves, you do have to keep in mind that
your personality is magnified."
Nicholas Cawley, a strategist at DailyFX, called $39,600 an important level. The expert
expects Bitcoin's short-term trading area to settle between $32,980 and $39,620.
Main idea:
Bitcoin has developed a strong correlation with the US stock market, in particular the
Nasdaq 100 index, which includes mainly technology stocks. However, when the
stock market is not trending strongly in either direction, bitcoin is "its own enemy,"
said Nathan Batchelor, lead bitcoin analyst at SIMETRI Research.
Vocavulari:
Bitcoin: a brand name for a type of cryptocurrency (= a digital currency that is
produced by a public network rather than any government and uses special codes to
keep it secure
Markets: people who might want to buy something, or a part of the world where
something is sold