March 25, 2022

March 25, 2022

The S&P 500 closed up today to close out a winning week even as investors weighed interest rate hikes and war in Ukraine.

Dow Jones finished +153 at 34,861

S&P 500 finished +23 at 4,543

NASDAQ finished -23 at 14,169

The 10 Year Treasury closed up 14 basis points yielding 2.48%

Oil prices closed up $0.72 ending at $113.06 a barrel.

Gold prices closed down $8.30 ending at $1,953 an ounce.

In the days’ stock news:

• Teva closed up 5.5% after Bernstein upgraded the stock to outperform from market perform, as Teva launches new products and looks to potentially settle ongoing opioid litigation.
• Nio closed down 9% after Nio reported its fourth-quarter results. Nio’s fourth-quarter revenue beat expectations, but its forward guidance came in below StreetAccount estimates.