February 15, 2022

February 15, 2022

Stocks closed up today after Russia appeared to be backing away from an immediate invasion of Ukraine, cooling tensions that have knocked the stock market down the last three days.

 

Dow Jones finished +423 at 34,988

S&P 500 finished +69 at 4,471

NASDAQ finished +349 at 14,139

 

The 10 Year Treasury closed up 6 basis points yielding 2.06%

Oil prices closed down $3.51 ending at $91.95 a barrel.

Gold prices closed down $15.00 ending at $1,854 an ounce.

 

In the days’ stock news:

 

  • Constellation Brands closed down 6% following a Bloomberg News report that discussions of a merger with Monster Beverage are progressing and that an agreement between the two companies could be reached within weeks. Monster shares ticked up slightly.
  • General Electric closed up 4% after Bank of America reiterated its buy rating on the stock, as GE continues to make progress in reducing legacy issues, the firm said Tuesday. Those issues include the end of factoring repayment, normal pension levels, lower long-term care risks, declining corporate costs and decreased cash restructuring.

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