Stocks traded lower to end the week, as President Biden says allies are trying to avoid World War 3.
Good afternoon. President Biden revoked Russia’s “most-favored nation” trade status, and the Dow finished a fifth straight week of losses.
The Dow fell 1.5% for the week, closing down today 229 points to 32,944.
The Nasdaq dropped another 2.25% today, down 286.
The S&P lost 55, or 1.3%.
The “Consumer Sentiment Index” sunk to 59.7 in March. It was 62.8 last month. The index marks Americans’ fears about household inflation. The number hasn’t been this low since September of 2011.
CVS Health has fired several employees, including executives, after an internal investigation into how the company handled sexual harassment complaints. CVS will also change how it handles similar complaints moving forward. No word on how many people were fired.
And would you be comfortable climbing into a self-driving car without a steering wheel? The Feds just gave the green light for car companies, like GM’s “Cruise,” to make highly-automated vehicles that *do not* include steering wheels or pedals.
From Los Angeles, I’m Brian Martin with your BEONDTV After the Bell report.
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