Tuesday, 1 March 2022: US equity markets modestly weaker as new sanctions imposed on Russia reverberated through financial markets

US equity markets modestly weaker as new sanctions imposed on Russia reverberated through financial markets - Dow down -166-points or -0.49%, paring an earlier. JPMorgan Chase & Co (down -4.17%) and Goldman Sachs Group Inc (-2.52%) combined to knock ~100-points off the Dow. Nike Inc (down-1.62%), Visa Inc (-1.44%), and Procter & Gamble (-1.49%) also weighed heavily on the index. A US$1 move in any of the Dow's 30 components equates to a 6.59-point swing. The broader S&P500 -0.24%, with more than >70% of index constituents in the red. Real Estate (down -1.77%), Financials (-1.46%), Consumer Staples (-1.32%) and Materials (-1.18%) all falling over >1%. Energy sat atop the primary sector leaderboard with a +2.57% gain. Tesla Inc rallied +7.48% following reports out of Germany indicating that the company is close to receiving approvals to begin commercial production at its new factory outside of Berlin. A late session rally lifted the technology-centric Nasdaq +0.41%, rebounding from an earlier loss of as much as -1.1%. The small capitalisation Russell 2000 rose +0.35%.