February 14, 2022

Stocks closed down today as investors evaluated concerns about the Federal Reserve’s plan for interest rate hikes and tensions between Russia and Ukraine.

Dow Jones finished -172 at 34,566

S&P 500 finished -17 at 4,401

NASDAQ finished flat at 13,790

The 10 Year Treasury closed up 4 basis points yielding 2.00%

Oil prices closed up $1.92 ending at $95.02 a barrel.

Gold prices closed up $31.30 ending at $1,873 an ounce.

In the days’ stock news:

Callaway Golf closed up 3% after investment firm Stephens named the Topgolf parent a top pick. “We believe that Callaway has a number of catalysts ahead of it, with an analyst day upcoming in 2Q, an improving supply chain, and Topgolf traffic improving through 1Q,” Stephens said.
Rivian closed up 6.5% after Soros Fund Management reported it bought nearly 20 million shares during the fourth quarter. The stake was worth about $2 billion at the time of purchase, although its value has fallen to about $1.17 billion.