Stocks fall in volatile session, oil sits at $123 and gold at $2,040
Gold surged to $2,040, highest since August 2020
U.S. stocks, in a volatile session, ended lower as investors debated whether President Biden's U.S. ban on Russian oil imports will lower oil prices over the long-term.
RUSSIA INVADES UKRAINE: LIVE UPDATES
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 39755.82 | -4.26 | -0.01% |
SP500 | S&P 500 | 5249.81 | +1.32 | +0.03% |
I:COMP | NASDAQ COMPOSITE INDEX | 16370.834544 | -28.69 | -0.17% |
The Nasdaq Composite, which entered a bear market Monday, fell 0.3%, while the S&P 500 slipped 0.7%, and the Dow Jones Industrial Average over 185 points or 0.6%.
Equities swung between losses and gains after Biden's announcement. Sen. Rob Portman, R-Ohio, tells FOX Business the markets briefly weighed whether the announcement signals the U.S. will focus on their own natural resources, even with the ongoing crackdown on pipelines and drilling.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
XLE | ENERGY SELECT SECTOR SPDR ETF | 93.40 | +0.86 | +0.93% |
Oil remained higher but eased to $123.70 per barrel.
ENERGY INDUSTRY SWIPES BACK AT PSAKI 'RED HERRING' COMMENT ON OIL AND GAS LEASES
A gallon of regular gas now costs an average of $4.17 across the country after breaching the $4 barrier on Sunday for the first time since 2008, per AAA.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
USO | UNITED STATES OIL FUND L.P. | 77.51 | +0.22 | +0.28% |
BNO | UNITED STS BRENT OIL FD LP UNIT | 31.81 | +0.34 | +1.08% |
UGA | UNITED STATES GASOLINE FUND LP PARTNERSHIP UNITS | 70.85 | +0.96 | +1.37% |
In related news, Shell Oil confirmed it will withdraw from involvement in all Russian hydrocarbons due to the country's invasion of Ukraine.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
SHEL | SHELL PLC | 67.08 | +0.33 | +0.49% |
WORLD BANK ASSEMBLING $725M EMERGENCY PACKAGE TO UKRAINE
Gold also rose above the $2,040 mark in a flight-to-safety move, now at the highest level since August 2020.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GLD | SPDR GOLD SHARES TRUST - EUR ACC | 205.44 | +2.35 | +1.15% |
In other stock news, Dick's Sporting Goods reported better than expected profits, earning $3.16 per share, while sale store sales jumped 5.9%, also exceeding estimates.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
DKS | DICK'S SPORTING GOODS INC. | 222.59 | +5.15 | +2.37% |
Apple ended lower after rolling out more 5G connectivity to its cheaper iPhone SE while the iPad Air got upgraded with faster chips.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
AAPL | APPLE INC. | 173.31 | +3.60 | +2.12% |
In deal news, Google LLC is buying Mandiant, a "leader in dynamic cyber defense and response," in a deal valued at $5.4 billion or $23 per share. "The acquisition of Mandiant will complement Google Cloud’s existing strengths in security," Google noted in the announcement.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
GOOGL | ALPHABET INC. | 150.87 | +0.20 | +0.13% |
MNDT | n.a. | n.a. | n.a. | n.a. |
U.S. companies continued to distance themselves from Russia on Tuesday, as McDonald's, Pepsi, Starbucks and Amazon joined the movement, along with dating app Bumble.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
MCD | MCDONALD'S CORP. | 282.02 | +3.40 | +1.22% |
PEP | PEPSICO INC. | 173.57 | +0.84 | +0.49% |
SBUX | STARBUCKS CORP. | 91.50 | +1.14 | +1.26% |
AMZN | AMAZON.COM INC. | 179.83 | +1.53 | +0.86% |
BMBL | BUMBLE INC. | 11.40 | +0.21 | +1.88% |
In cryptocurrencies, Bitcoin hovered around $38,000.
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The Associated Press contributed to this report.