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%.