Stocks Post Worst Week Since January as War Rages: Markets Live

Dollar climbs on haven demand, near the highest since 2020
Investors still vacillate between panic selling and dip-buying

Mark Mobius Says ‘Now’s the Time to Be Stock Picking’Source: Bloomberg

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By Stephen Kirkland and Vildana Hajric

March 10, 2022 at 10:19 PM UTC

Updated on

March 11, 2022 at 9:12 PM UTC

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U.S. stocks extended losses in late-day trading Friday as risk sentiment deteriorated after Ukraine’s top diplomat said he didn’t see progress in talks with Russia.

Comments by Ukrainian Foreign Minister Dmytro Kuleba came after IFX cited Russian President Vladimir Putin as underscoring daily efforts to resolve tensions, news that helped bolster risk appetite in early New York trading. Meanwhile, President Joe Biden on Friday called on U.S. lawmakers to join Western allies to end normal trade relations with Russia.