March 10, 2022

March 10, 2022

U.S. stocks closed down today after economic data out of Washington showed another 40-year high CPI print and talks held between Russia and Ukraine’s foreign ministers failed to make progress on negotiating a ceasefire.

 

Dow Jones finished -112 at 33,174

S&P 500 finished -18 at 4,259

NASDAQ finished -126 at 13,129

 

The 10 Year Treasury closed up 4 basis points yielding 1.99%

Oil prices closed down $3.08 ending at $105.62 a barrel.

Gold prices closed up $13.00 ending at $2,001 an ounce.

 

In the days’ stock news:

 

  • Amazon closed up 5.4% after the company said its board of directors has approved a 20-for-1 stock split, telling investors on Wednesday that they’ll receive 20 shares for each share they currently own. The board also approved a $10 billion share buyback program.
  • CrowdStrike closed up 12.5%, after it disclosed strong quarterly profit and revenue in its earnings report Wednesday. CrowdStrike also has an upbeat forecast for the 2023 fiscal year, saying it will pursue market share as cybersecurity concerns rise.

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