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US stocks fell on Wednesday as investors kept a close eye on Russia and Ukraine as President Biden left for a NATO meeting and an EU summit in Europe on Thursday.
RUSSIA INVADES UKRAINE: LIVE UPDATES
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 34582.9 | -224.56 | -0.65% |
| SP500 | S&P500 | 4489.03 | -22.58 | -0.50% |
| I: COMP | NASDAQ COMPOSITE INDEX | 14034.754047 | -74.06 | -0.52% |
US crude futures rose to $112 a barrel while Brent, the global benchmark, approached $120 a barrel.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| USO | UNITED STATES OIL FUND LP | 78.56 | -0.98 | -1.23% |
| BNO | UNITED STS BRENT OIL FD LP UNIT | 31.83 | -0.35 | -1.09% |
| UGA | UNITED STATES GASOLINE FUND LP PARTNERSHIP ENTITIES | 58.43 | -1.20 | -2.01% |
Gold continued its climb to the $1,937 an ounce level.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| GLD | SPDR GOLD SHARES TRUST – EUR ACC | 179.36 | -1.31 | -0.73% |
The 10-year government bond yield climbed to 2.375% on Wednesday, the highest since May 2019, putting a focus on bank and brokerage stocks that should benefit from higher yields.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| JPM | JPMORGAN CHASE & Co. | 142.62 | +2.97 | +2.13% |
| GS | THE GOLDMAN SACHS GROUP INC. | 343.01 | +4.01 | +1.18% |
| BAK | BANK OF AMERICA CORP. | 44.18 | +1.34 | +3.13% |
GameStop’s shares rose after the retailer’s chairman Ryan Cohen announced his firm bought 100,000 shares of the company’s stock on Tuesday.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| GME | GAMESTOP CORP. | 137.79 | +14.64 | +11.89% |
Semiconductor manufacturers are in focus, with Intel CEO Patrick Gelsinger expected to tell Congress at a hearing today that the industry needs more funding to address the chip crisis. Micron’s CEO will also be present.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| INTC | INTEL CORP. | 48.39 | +1.00 | +2.11% |
| mu | MICRON TECHNOLOGY INC. | 79.12 | +0.77 | +0.98% |
Intel CEO Patrick Gelsinger speaks to Mornings with Maria ahead of his testimony before the US Senate Commerce Committee, where he will support government subsidies to boost semiconductor manufacturing.
Moderna will seek FDA approval for its COVID-19 vaccine for children ages 6 to 12.
| ticker | security | Last | To change | To change % |
|---|---|---|---|---|
| MRNA | MODERNA INC. | 186.72 | +11.34 | +6.47% |
In economic data, new single-family home sales unexpectedly fell 2% in February to a seasonally adjusted annualized rate of 772,000. That’s down from 801k in January, when sales fell more-than-expected as rising mortgage rates and higher prices kept some first-time homebuyers out of the market.
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Bitcoin traded around $42,000.
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Ken Martin of FOX Business and The Associated Press contributed to this report.