March 22, 2022

March 22, 2022

U.S. stocks closed up today as investors continued to weigh hawkish remarks from Federal Reserve Chair Jerome Powell alongside the ongoing war in Ukraine.

 

Dow Jones finished +254  at 34,807

S&P 500 finished +50 at 4,511

NASDAQ finished +270 at 14,108

 

The 10 Year Treasury closed up 6 basis points yielding 2.38%

Oil prices closed down $0.82 ending at $111.30 a barrel.

Gold prices closed down $8.00 ending at $1,921 an ounce.

 

In the days’ stock news:

 

  • Nike closed up 2.2% after the company reported a beat on the top and bottom lines in the third quarter. The retailer reported earnings of 87 cents per share on revenues of $10.87 billion, topping analysts’ estimates of 71 cents per share on revenues of $10.59 billion. Nike delayed giving its outlook for the year.
  • Datadog closed up 6% after investment firm BTIG initiated coverage of the stock with a buy rating. BTIG said in a note to clients that Datadog is set up for near- and long-term success.

 

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