Stocks recover as oil prices fall
Stocks recover as oil prices...
Subscribe to Newsletter

Stocks recover as oil prices fall

18 February 2022
3593
2 min.
12
Stocks recover as oil prices fall

Market today

US stock futures are trading higher on Friday, offsetting losses after falling on Thursday on escalating fears over a possible Russian invasion of Ukraine.

Major futures indices are expected to be up 0.5 per cent when the first bell rings.

Thursday's market drop led to the biggest drop in a fortnight for the S&P 500 as the major indices lost a week's gains.

The price of gold, traditionally a safe haven in times of geopolitical uncertainty, rose 1.6%.

Deer and Company, Outback Steakhouse Bloomin' Brands and sports betting company DraftKings are all worth watching today.

Also, the National Association of Realtors is expected to announce that sales of formerly owned homes fell 1% to a seasonally adjusted annual rate of 6.1 million units. This would follow a sharper-than-expected 4.6% decline in December due to high prices and low inventory.

In addition, the Conference Board's leading economic index will be released for January. Watch for an increase of 0.2% on the previous month.

Around 85% of the benchmark S&P 500 index, losing 2.1%, closed lower on Thursday. It fell 94.75 points to 4,380.26 and is now 8.7% below the all-time high set on January 3.

The Dow Jones fell 622.24 points to 34,312.03, while the high-tech Nasdaq lost 407.38 points to 13,716.72.

Microsoft shares fell 2.9 per cent, parent company Facebook fell 4.1 per cent and Nike shares fell 2.5 per cent.

Shares in Walmart the world's largest retailer, rose 4 per cent after posting strong fourth-quarter financial results. GlobalNY.biz wrote about it.

Bond yields fell and banks pulled lower. The yield on 10-year Treasury bonds fell to 1.97% from 2.04% on Wednesday evening.

The price of gold, traditionally a safe haven in times of geopolitical uncertainty, rose 1.6%.

In other trading on Friday, US benchmark crude lost $2.32 to $89.39 a barrel in electronic trading on the New York Mercantile Exchange. It was down 2 per cent on Thursday, while the price of natural gas fell 4.9 per cent.

Brent crude oil, the international benchmark price, lost $2.40 to $90.61 a barrel.

Bitcoin traded around $40,000, down more than 7% on Thursday.

Companies12 in the news

Section:
Source foto:
picryl.com

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
8169351763
Died this year
53097457
Born this year
130629142