February 22, 2022

February 22, 2022

Stocks fell today, as intensifying tensions between Russia and Ukraine dented market sentiment to start the week.

 

Dow Jones finished -483 at 33,596

S&P 500 finished -44 at 4,304

NASDAQ finished -167 at 13,381

 

The 10 Year Treasury closed even yielding 1.93%

Oil prices closed up $1.20 ending at $92.27 a barrel.

Gold prices closed up $3.00 ending at $1,903 an ounce.

 

In the days’ stock news:

 

  • SoFi shares closed down 9.9% after the company announced it will buy Technisys, a maker of banking software, for about $1.1 billion in stock. SoFi said the deal will help it generate up to $800 million in additional revenue through 2025.
  • Home Depot shares closed 8.9% with the broader market sell-off, despite the company reporting a quarterly beat on profit, revenue and comparable store sales for the most recent quarter. Home Depot reported earnings of $3.21 per share and announced a 15% dividend increase.

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