US stocks Stable trade in commodity prices and new corporate revenues helped to balance the uncertainty of the Russia-Ukraine conflict.
|I: DJI||Dow Jones Average||34552.99||-201.94||-0.58%|
|I: COMP||Nasdaq Joint Code||13838.460187||-55.38||-0.40%|
The rebound comes as Treasury yields have risen to 2.3% since May 2019, after Federal Reserve Chairman Jerome Powell signaled on Monday that more aggressive rate hikes may be needed to combat inflation. He commented at the National Business Economic Association.
Oil was at $ 110 a share, while Brent was up $ 115 worldwide. Oil prices are up 45% this year, and wheat and corn prices are up.
|Use||United States Oil Fund LP||79.52||+4.84||+ 6.48%|
|NOB||United STS BRENT OIL FD LP Unit||32.16||+2.38||+ 8.01%|
Among stocks, Nike shares rose after profit and sales surpassed Wall Street ratings. In addition, the clothing company reaffirmed its commitment to Food Locker, which derives huge revenue from its products.
|FL||Food Locker INC.||31.01||-1.32||-4.08%|
Shares of Alibaba soared after China announced plans to repurchase $ 25 billion worth of Amazon shares, the biggest ever.
|Baba||Alibaba Group Holding Limited.||103.58||-4.69||-4.33%|
Tesla is focusing on CEO Elon Musk preparing to open Germany’s Gigi factory in Berlin with German Chancellor Olaf Scholes. According to Danbush, a Wetbush Securities analyst, the move is a huge success for investors.
“We can not underestimate the importance of Giga Berlin’s production to the overall success of Tesla’s footprint in Europe and globally,” Ives said in a research note to customers.
Moderna is announcing new development plans to expand the use of its Covit-19 vaccine to treat virus-related conditions.
In cryptocurrencies, Bitcoin traded above $ 42,000.
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