𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐃𝐞𝐚𝐥𝐬 𝐀𝐧𝐝 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬

𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐃𝐞𝐚𝐥𝐬 𝐀𝐧𝐝 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬

𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐃𝐞𝐚𝐥𝐬 𝐀𝐧𝐝 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬 Telegram | DID YOU KNOW?

Investors took profits on Friday while they could ahead of the weekend, explained Tom Essaye, founder of Sevens Report Research. Saturday and Sunday could easily bring unfortunate news on the war front—and traders would rather be able to sell any recent winnings at Friday’s earlier prices than wait for a potentially lower price at Monday’s open. On Feb. 27, however, he admitted from his Russian-language account that "Telegram channels are increasingly becoming a source of unverified information related to Ukrainian events." The S&P 500 fell 1.3% to 4,204.36, and the Dow Jones Industrial Average was down 0.7% to 32,943.33. The Dow posted a fifth straight weekly loss — its longest losing streak since 2019. The Nasdaq Composite tumbled 2.2% to 12,843.81. Though all three indexes opened in the green, stocks took a turn after a new report showed U.S. consumer sentiment deteriorated more than expected in early March as consumers' inflation expectations soared to the highest since 1981. But the Ukraine Crisis Media Center's Tsekhanovska points out that communications are often down in zones most affected by the war, making this sort of cross-referencing a luxury many cannot afford. "There are several million Russians who can lift their head up from propaganda and try to look for other sources, and I'd say that most look for it on Telegram," he said.
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