February 11, 2022

February 11, 2022

A quiet day was disrupted by news out of Europe that Putin has decided to invade Ukraine and the attack is imminent.  That sent the S&P 500 down 2% and oil prices higher.

For the week:

  • Dow – 352
  • S&P 500 – 82
  • NASDAQ – 307
  • Oil +1.20 to 93.50
  • Gold +58 to 1885

In corporate news

Zillow is down 70% in the last 12 months but rallied 13% today after reporting they lost less money than expected.

Under Armour reported a strong quarter but lost 11% on concerns about supply chain and rising shipping costs.

Affirm has dropped 60% in the last 90 days and lost another 20% today to an all-time low after a disappointing quarter.

 

 

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