Analyst ViewsU.S. Markets, trading on the US stocks was initially wild at the beginning of yesterday's trading as investors' sentiments were desperately searching for safety due to the Russian invasion of Ukraine, however, the session ended in a gain after President Biden announced expanded sanctions on Russia following Vladimir Putin's launch of his long-anticipated military operation in Ukraine.
The Dow Jones Industrial Average erased a deficit of more than 800 points to close with gains of over 90 points or 0.1% while the S&P 500 gained 1.5%.
Ticker |
Security |
Last |
Change |
Change % |
I:DJI |
DOW JONES AVERAGES |
33223.83 |
+92.07 |
+0.28% |
SP500 |
S&P 500 |
4288.7 |
+63.20 |
+1.50% |
The Nasdaq Composite, which led the turnaround, gained over 3% helped by Microsoft, Tesla, and Apple, which were among the heavily traded tech names.
Ticker |
Security |
Last |
Change |
Change % |
I:COMP |
NASDAQ COMPOSITE INDEX |
13473.58 |
+436.10 |
+3.35% |
MSFT |
MICROSOFT CORP. |
294.59 |
+14.32 |
+5.11% |
AAPL |
APPLE INC. |
162.74 |
+2.67 |
+1.67% |
TSLA |
TESLA INC. |
800.77 |
+36.73 |
+4.81% |
Commodities, the price of oil jumped on concern about possible disruption of Russian supplies. U.S. crude neared $99 per barrel, before easing and closing at $92.81 per barrel. Brent, the global benchmark, crossed $100 per barrel and settled at $99.08 per barrel.
Ticker |
Security |
Last |
Change |
Change % |
USO |
UNITED STATES OIL FUND L.P. |
66.34 |
+0.10 |
+0.15% |
BNO |
UNITED STS BRENT OIL FD LP UNIT |
26.51 |
+0.46 |
+1.77% |
Gold, climbed to $1,925.10 a new 52-week-high; still gold stocks gave back gains to close lower as stocks turned around.
Ticker |
Security |
Last |
Change |
Change % |
GLD |
SPDR GOLD SHARES TRUST - EUR ACC |
177.14 |
-1.15 |
-0.65% |
NEM |
NEWMONT CORP. |
66.72 |
-1.53 |
-2.24% |
GOLD |
BARRICK GOLD CORP. |
22.54 |
-0.29 |
-1.27% |
Elsewhere, defense makers including Lockheed Martin, Northrup Grumman and Raytheon rose on speculation that demand will rise for defense equipment on the heels of Russia's aggression.
Ticker |
Security |
Last |
Change |
Change % |
LMT |
LOCKHEED MARTIN CORP. |
395.71 |
+6.81 |
+1.75% |
RTX |
RAYTHEON TECHNOLOGIES CORP. |
94.25 |
+2.01 |
+2.18% |
NOC |
NORTHROP GRUMMAN CORP. |
395.49 |
+9.41 |
+2.44% |
Airlines got hit before rebounding to close with gains.
Ticker |
Security |
Last |
Change |
Change % |
DAL |
DELTA AIR LINES INC. |
40.33 |
+0.14 |
+0.35% |
AAL |
AMERICAN AIRLINES GROUP INC. |
16.96 |
+0.32 |
+1.92% |
UAL |
UNITED AIRLINES HOLDINGS INC. |
44.06 |
+0.21 |
+0.48% |
Vaccine makers, Moderna shares got support after CEO Stephane Bancel predicted there is an 80% chance we are moving into an endemic, meaning COVID will be around forever. "I think, what's going to happen is an annual booster, which is why, you know, we're working on adding flu to COVID vaccine in a single dose," he said on "Mornings With Maria."
Ticker |
Security |
Last |
Change |
Change % |
MRNA |
MODERNA INC. |
156.23 |
+20.50 |
+15.10% |
Cryptocurrencies, Bitcoin skidded to the $35,000 level before rebounding to $38,000.
Crypto exchange-traded funds and related crypto companies traded in tandem.
Ticker |
Security |
Last |
Change |
Change % |
BITO |
PROSHARES TRUST BITCOIN STRATEGY ETF |
24.06 |
+0.45 |
+1.91% |
GCC |
WISDOMTREE TRUST ENHANCED COMMODITY STRATEGY |
23.36 |
+0.12 |
+0.52% |
MSTR |
MICROSTRATEGY INC. |
396.96 |
+31.93 |
+8.75% |
COIN |
COINBASE GLOBAL INC. |
179.56 |
+6.82 |
+3.95% |
Moscow, the Moscow Exchange has suspended trading across all markets, so no trading in stocks or rubles, according to Bloomberg.
SPOT MARKET BY THE HOUR AS OF GMT 09:56 02-25-22
European Market, the European market sustained profitability across the board by the hour as investors processes development around Russia and Ukraine crisis. London's FTSE increased by 0.94% to 7,281.71, Germany's DAX climbed by 0.1% to 14,039.7 and France's CAC also jumped by 0.53% to 6,555.88.
SOURCE: CNBC
IMAGE SOURCE: PIXABAY
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