February 25, 2022

February 25, 2022

Stocks closed up today, building on Thursday’s rally, as investors continued to assess the financial risks stemming from Russia’s invasion of Ukraine.

 

Dow Jones finished +835 at 34,058

S&P 500 finished +96 at 4,384

NASDAQ finished +221 at 13,694

 

The 10 Year Treasury closed down 1 basis point yielding 1.97%

Oil prices closed down $0.49 ending at $92.32 a barrel.

Gold prices closed down $34.80 ending at $1,891 an ounce.

 

In the days’ stock news:

 

  • Foot Locker shares closed down 30% after the company reported quarterly results and projected a fall in 2022 revenue, as it anticipates it won’t be selling as many products from Nike. Foot Locker’s outlook on full-year profit and comparable-store sales was weaker than expected.
  • Etsy closed up 16% after reporting better-than-expected results for the fourth quarter. Revenue also topped estimates. Etsy also got an upgrade to neutral from UBS following its strong results.

 

 

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