March 23, 2022

March 23, 2022

Stocks closed down today as investors anticipated the Federal Reserve to take an even more aggressive approach to reining in inflation.

 

Dow Jones finished -449 at 34,358

S&P 500 finished -55 at 4,456

NASDAQ finished -186 at 13,922

 

The 10 Year Treasury closed down 8 basis points yielding 2.29%

Oil prices closed up $5.50 ending at $114.77 a barrel.

Gold prices closed up $26.30 ending at $1,947 an ounce.

 

In the days’ stock news:

 

  • Boeing closed down 2.6% as investors continued to monitor the investigation of a plane crash in China. One of the two black boxes from the flight, which could reveal the reason for the crash, has been found, according to Chinese state media.
  • GameStop closed up 15.5%  after GameStop Chair Ryan Cohen on Tuesday bought an additional 100,000 shares. Cohen’s stake in the video game retailer expanded to 11.9%.

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