Goldman Sachs head of personal finance Joe Duran talks about what would happen to the stock market if Russia invaded Ukraine.
US stocks It was sharply lower at midday as investors were keeping a close eye on escalating concerns about the prospect Russia invades Ukraine.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| Me: DJI | Dow Jones averages | 34058.33 | -253.70 | -0.74% |
| SP500 | Standard & Poor’s 500 | 4337.34 | -42.92 | -0.98% |
| I: COMP | Nasdaq Composite Index | 13496.800857 | -219.92 | -1.60% |
The Dow Jones Industrial Average was down more than 200 points, or 0.6%, while the S&P 500 and Nasdaq Composite were down 0.8% and 1.3%.
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| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| GLD | SPDR Gold Stock Confidence – EUR ACC | 177.20 | -0.08 | -0.05% |
Gold rises to a nine-month high in Russia and Ukraine
The gold pricewhich is a traditional safe haven during geopolitical uncertainty, is little changed after hitting a nine-month high.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| USO | United States Petroleum Fund LP | 64.50 | +0.29 | + 0.46% |
Oil has fallen to $88 a barrel.
in profits, Derry & Co It boosted its earnings forecast, expecting it to generate $7.1 billion in net income for 2022, above expectations. Looking ahead, we expect demand for farm and construction equipment to continue to benefit from strong fundamentals,” said CEO John May.
Walmart Jumps Inventory As Retailer Boosts Forecast Despite Inflation
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| DE | DEERE & CO. | 367.74 | -12.89 | -3.39% |
| cat | Caterpillar Corporation | 192.08 | -2.61 | -1.34% |
Roku’s shares fell More than 20% after warning of supply chain disruptions likely to affect profits and sales as TV orders remained behind. The stock is on its way to the biggest drop ever.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| ROKU | ROKU INC. | 106.64 | -38.07 | -26.31% |
DraftKings also slid after forecasting a loss of up to $925 million in 2022, which is larger than expected.
| tape | protection | the last | they change | they change % |
|---|---|---|---|---|
| DKNG | DRAFTKINGS INC. | 17.77 | -4.29 | -19.47% |
On the economic agendaIn January, existing home sales rose 6.7%, according to the National Association of Realtors. This comes after a more-than-expected 4.6% drop in December due to higher prices and lower inventory. Home prices hit a record high of $362,800 on average.
The Conference Board’s Leading Economic Index for January also declined 0.3%.
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Bitcoin has fallen below the $40K level.
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Ken Martin and The Associated Press of FOX Business contributed to this report.
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