Friends
As you might expect, given the continued Russian/Ukraine situation, stocks were all over the place today. After an early selloff, stocks rallied to move mostly into positive territory only to see the market averages go right back down near earlier in the day lows. But, by the close the bulls were able to erase some of those losses once again.
For the day, the Dow Jones Industrial Average was down 166 points to finish the day at 33,892. The S&P 500 was down 10 points to close at 4,373. The Nasdaq Composite Index was up 56 points to close at 13,751. Gold was up $23 to trade at $1,911, while oil was up $4.25 to trade at $ 95.84 per barrel WTI.
In addition to minute-to-minute reports out of Ukraine, we have some earnings from retailers this week, the Fed Chairman testifying before Congress on Wednesday and Thursday, a state of the union address from the President on Tuesday evening, and the jobs report on Friday. There’s a lot on our plate and it obviously is a fluid situation in Ukraine. Markets are likely to continue to react to headlines so stay buckled up. It’s likely to continue to be a wild ride.
Have a nice evening everyone.
