Posted on 03/04/2022 11:18:12 AM PST by fluorescence
Index giant S&P Dow Jones Indices said Friday it is removing all stocks listed and/or domiciled in Russia from its benchmarks in light of the country's invasion of Ukraine, further isolating the nation from the global economy.
The removal, effective prior to the open next Wednesday, also affects Russian American depositary receipts (ADRs), S&P Dow Jones Indices said.
The firm, which is the keeper of the Dow Jones Industrial average and the S&P 500, also said it will declassify Russia as an emerging market and categorize it as a standalone group.
Earlier Friday, the NYSE halted trading in three Russian ETFs — Franklin FTSE Russia ETF (FLRU), iShares MSCI Russia ETF (ERUS) and Direxion Daily Russia Bull 2X Shares (RUSL). The exchange cited "regulatory concerns" for these halts.
(Excerpt) Read more at msn.com ...
Buy low. Sell high.
Good move.
Isn’t it wonderful how the rule of law no longer applies and we can do anything we want to anybody we want any time we want if they offend us?
Move that finger closer to the red button. A LOT of people are making all kinds of bad decisions. We’re going to have a world war. Bookmark this post.
Putin’s mad dog reckless scheme has destroyed a tremendous amount of wealth in Russia. I can’t imagine how he survives, especially when most know Mr. PUMPKIN FACE is meeting soon with the grim reaper anyway.
The BRICs crumble.
Oh stop it drama queen. Mad dog doesn’t actually launch anything. Others are not going to let him destroy the world.
Russia and China should be banned from US financial markets
“Move that finger closer to the red button. A LOT of people are making all kinds of bad decisions. We’re going to have a world war. Bookmark this post.”
If we have a world war the net, including this post, won’t be accessible.
I think it would be appropriate to declare Putin a war criminal/enemy combatant and Russia a terrorist state committing genocide as well as move to have Russia kicked out of the U.N.
No, not exactly. Russia clicked OK to the terms of service on the pop-up when they joined
Documentation for me.
Excellent.
Hello newbie. Registered 2020? Calm down, my child.
Why? If that awful event occurs, will my bookmarking this help in any way?
This isn’t cancel culture, it’s a no-brainer. How could S&P possibly continue to index Russian securities with the financial walls that Biden established?
F it, let’s just nuke em. Pull the Bush playbook.
You’ve been here just slighly longer than me. Now how many times have you hyped Armageddon during your stint? I recall quite often. Calm down.
Now do it to China too.
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