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.