March 21, 2022

March 21, 2022

U.S. stocks closed down today Federal Reserve Chair Jerome Powell sounded alarms on surging inflation and promised tough action.

 

Dow Jones finished -202 at 34,552

S&P 500 finished -2 at 4,461

NASDAQ finished -55 at 13,838

 

The 10 Year Treasury closed up 16 basis points yielding 2.30%

Oil prices closed up $7.77 ending at $112.47 a barrel.

Gold prices closed up $8.00 ending at $1,937 an ounce.

 

In the days’ stock news:

 

  • Disney closed down 1% as the entertainment company announced it would close its Shanghai Disney Resort amid a Covid outbreak in China.
  • Boeing closed down 3.6% after a Boeing 737 passenger jet crashed in China with 132 people on board. China’s civil aviation agency lost contact with the flight over Wuzhou, and the number of deaths is currently unknown.

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