March 9, 2022

March 9, 2022

Stocks closed up today as recently surging commodity prices, especially oil, cooled off while the war in Ukraine continues.

 

Dow Jones finished +654 at 33,286

S&P 500 finished +107 at 4,277

NASDAQ finished +460 at 13,255

 

The 10 Year Treasury closed up 7 basis points yielding 1.94%

Oil prices closed down $13.39 ending at $110.31 a barrel.

Gold prices closed down $46.30 ending at $1,997 an ounce.

 

In the days’ stock news:

 

  • Boeing closed up 2.7% after Langenberg & Company initiated coverage of the aerospace firm with a buy rating. The move was spurred by “accelerating commercial aerospace recovery and expectations that international travel returns to 75-80% of norm by end of 2022,” analysts wrote.
  • General Electric closed up 3.5% midday following news that the company’s board of directors approved a $3 billion share repurchase program.

Daily Updates

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