March 30, 2022

March 30, 2022

U.S. stocks closed down today ending a winning streak for the market, as investors monitored developments in Ukraine and the bond market.

 

Dow Jones finished -65 at 35,228

S&P 500 finished -29 at 4,602

NASDAQ finished -177 at 14,442

 

The 10 Year Treasury closed down 5 basis points yielding 2.34%

Oil prices closed up $3.09 ending at $107.33 a barrel.

Gold prices closed up $22.20 ending at $1,940 an ounce.

 

In the days’ stock news:

 

  • BioNTech closed up 1.4% after the drugmaker reported better-than-expected revenue and earnings for the quarter and reiterated previous vaccine revenue guidance for the year.
  • Lululemon closed up 9.6% after the company announced a $1 billion stock buyback program. The athletic apparel company posted per-share earnings that were better than expected, but the company fell short of Wall Street’s revenue estimates. Lululemon also issued first-quarter and full-year guidance higher than the Refinitiv consensus expectations.

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