February 14, 2022

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.

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