Putin referred to the Donbas region in eastern Ukraine numerous times throughout the speech. Putin urged his forces on to success in Ukraine, saying there's a duty to remember those who prevailed in World War II. Russian President Vladimir Putin on Monday tried to defend Moscow's unprovoked invasion of Ukraine in a speech on "Victory Day," annual celebrations marking the Soviet Union's victory over Nazi Germany. oil prices dropped Monday alongside stocks. Bitcoin plunged over the weekend and dropped another 5% on Monday, going below $33,000 as the world's largest cryptocurrency remained correlated to tech stocks and the Nasdaq. The benchmark 10-year Treasury yield on Monday topped 3.18%, after going above 3% last week for the first time since late 2018. The Nasdaq fell further into a bear market, defined by a drop of 20% or more from its most recent high. The Dow and S&P 500 remained in corrections, as defined by a drop of 10% or more from their recent highs. (CNBC) The first trading week of May marked the sixth straight weekly decline for the Dow, and five straight weekly drops for the S&P 500 and the Nasdaq. Futures trading pointed to a 400-point, or 1.3%, fall at the open for the Dow and a 1.7% decline for the S&P 500. Two key inflation reports are out Wednesday and Thursday. Rising bond yields continued to pressure stocks as traders maintained their revolt against the Fed, doubting it can get inflation under control. The Nasdaq was poised to lead Wall Street lower again Monday, with futures tied to the tech-heavy index dropping 2%. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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