Stocks end with hawkish Fed comments
Breaking news
Biden warns of “evolving intelligence” suggesting a possible Russian cyberattack against the United States
President Biden warned on Monday that there was “evolving intelligence” suggesting that the Russian government was exploring potential cyberattack options against the United States in a multifaceted war with Ukraine, the private sector. Was urged to “strengthen cyber” immediately “.” defense. ”
In a statement on Monday, the President said this was “an important moment to accelerate our work to improve domestic cybersecurity and strengthen the country’s resilience.”
Metal stocks, ETFs a day on Wall Street
| symbol | price | Change | %Change |
|---|---|---|---|
| XME | $ 60.75 | +2.17 | + 3.71% |
| X | $ 34.94 | +1.97 | + 5.96% |
| CLF | $ 28.77 | +1.29 | + 4.71% |
Markets looking at profit growth as oil costs and inflation growth
Mark Luschini of Janney Montgomery Scott analyzes the market and how the crisis in Ukraine, oil distribution and rising inflation play a role.
Breaking news
Stocks fall as Powell emphasizes inflation in prepared remarks
| symbol | price | Change | %Change |
|---|---|---|---|
| I: DJI | $ 34,512.03 | -242.90 | -0.70% |
| SP500 | $ 4,453.26 | -9.86 | -0.22% |
| I: COMP | $ 13,814.02 | -79.81 | -0.57% |
Powell issues new warnings on inflation at the 38th Annual Economic Policy Conference (NABE)
“Even before Russia invaded Ukraine, this year’s inflation outlook has deteriorated significantly,” said Federal Reserve Chairman Jay Powell.
Ongoing story
Oil top $ 109
| symbol | price | Change | %Change |
|---|---|---|---|
| USO | $ 74.64 | +0.96 | + 1.30% |
| UGA | $ 59.62 | +2.78 | + 4.89% |
Crude oil prices rose at noon on Monday as Ukraine and Russia on the 26th day of the conflict.
Breaking news
Stock Watch: Boeing, China Eastern Airlines
Breaking news
Buffett expands insurance portfolio
| symbol | price | Change | %Change |
|---|---|---|---|
| Y | $ 676.75 | -0.56 | -0.08% |
| BRK.B | $ 342.41 | -2.56 | -0.74% |
Russia, Ukraine New hurdles for the global US economy
Futures at a glance
US stock futures fell on Monday as investors saw efforts to mediate a settlement against Russia’s attack. And it pushed up oil prices and increased uncertainty about the global economic outlook.
Meanwhile, Brent crude oil futures rose more than 4.3% to $ 112.38 a barrel. US West Texas intermediate futures rose 4.4% to $ 109.10 a barrel.
Cryptocurrencies that are declining overnight
Bitcoin was trading above $ 41,000 early Monday morning as the crypto market fell overall.
Bitcoin was trading at $ 41,218, down 1.64%, while Ethereum and Dogecoin were trading at $ 2,882 (-1.53%) and about 12 cents (-1.88%), respectively, according to CoinDesk.
Bitcoin and other major cryptocurrencies fell slightly last week, but after a much brighter week than the beginning of the week, stamina to withstand the US central bank’s rate hike for the first time in four years and the intensifying attack on Russia’s Ukraine. Was shown.
US stocks fall towards early Monday morning
| symbol | price | Change | %Change |
|---|---|---|---|
| I: DJI | $ 34,754.93 | +274.17 | + 0.80% |
| SP500 | $ 4,463.12 | +51.45 | + 1.17% |
| I: COMP | $ 13,893.84 | +279.06 | + 2.05% |
US stocks were declining early Monday morning after last week’s rise put the March market in the positive territory.
Wall Street’s S & P 500 index rose 1.2% on Friday after the market seemed to welcome attempts by the Federal Reserve to combat rising inflation by raising key interest rates. Friday’s rise was the largest weekly rise in Wall Street in 16 months.
Investors have monitored efforts to mediate reconciliation to Russia’s attacks, which are pushing up oil prices and increasing uncertainty about the outlook for the global economy.
Friday’s S & P rose to 4,463.12 and was added to the streak, including a 2% rise for two days. The Dow rose 0.8% to 34,754.93 and the Nasdaq Composite index rose 2% to 13,893.84. The three indexes were the best week since November 2020.
Gasoline prices are down slightly for the new week
Gasoline prices continued to fall over the weekend after hitting record highs a week ago.
The average price of a gallon of gasoline in the United States fell to $ 4.252 on Monday, according to AAA’s latest figures. The price on Sunday was $ 4.255.
The previous high was $ 4.33, set on Friday, March 11, 2022.
Several lawmakers made a move on Friday to reduce the pinch of consumer wallets caused by rising gas prices.
Russia-Ukraine negotiations make little progress and Asian oil prices rise on Monday
Dow Jones Newswires reported that oil prices rose in Asian trade on Monday after negotiations between Ukraine and Russia showed little sign of progress.
According to the CBA, financial markets still primarily determine oil prices by assessing the potential for diplomatic resolution of the Ukrainian dispute.
“Physical shortages associated with current sanctions against Russia will ultimately play a more dominant role in determining oil prices,” says the CBA.
Germany calls for new talks on transatlantic trade agreements: Report
Germany is calling for new negotiations on a free trade agreement between the United States and the European Union, Reuters reported on Sunday.
“Negotiations on a cross-Atlantic free trade agreement should be resumed,” said Christian Lindner, Europe’s largest economic finance minister, according to Reuters.
“Especially now [Ukraine] In the face of crisis, it is becoming clear how important free trade is with partners around the world who share our values. “
The US embassy in Berlin did not respond directly to Lindner’s comments, but the existing US Federal Trade and Technology Council has ensured that current policies support global growth, Reuters reported.