Friends
It was another very difficult day for the markets as oil and various other commodities continue to see their prices soar as a result of continued global conflict. Sentiment has gotten extremely bearish and as we have noted, any attempts to rally stocks are met with persistent selling. On a day-to-day basis there are some winners sprinkled in, and of course energy shares continue to do well, but the market averages are testing the lows we have seen in January and February as we navigate the early days of March.
As for today, by the close the Dow Jones Industrial Average was down 797 points to finish the day at 32,817. The S&P 500 was down 127 points to close at 4,201. The Nasdaq Composite Index was down 482 points to close at 12,830. Gold was up $35 to trade at $2001 per ounce, while oil was up $4.25 to trade at $119.93 per barrel WTI.
Hopefully, we will see some of you on the webcast zoom call tomorrow. In the meantime, markets continue to attempt to navigate the headwinds we saw as we entered the year combined with the continuing crisis in Ukraine. We’ll continue to keep you informed and up to date the best we can in the days and weeks ahead. Stay tuned.
Have a nice evening everyone.
