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Monday, March 21, 2022

US stocks edge lower as oil prices rebound amid ongoing Russia-Ukraine conflict

  •  U.S. stocks retreated Monday after oil prices rose sharply amid ongoing tensions between Russia and Ukraine.
  • Ukraine rejected Russia's request on Sunday to donate to the city of Mariupol.
  • Boeing pulled the Dow Jones down by a 6% drop after one of its commercial airlines crashed in China.


U.S. stocks plummeted on Monday as oil prices rose again amid growing tensions between Russia and Ukraine.

Both Russia and Ukraine are showing signs of replacing peace, as Russia demands that Ukraine surrender to the besieged city of Mariupol on Sunday. Ukraine has rejected the idea of ​​donating Mariupol, and has said that donating to any city in Ukraine is not an option.


Boeing stock downgraded Dow Jones on Monday as its stock dropped to 9% following the crash of its single airline in China. The plane, 737-800, has 132 passengers. The aircraft is not a Boeing MAX aircraft, which was suspended in late 2018 due to two separate accidents.


S&P 500: 4,468.18, up 0.11%

Dow Jones Industrial Average: 34,727.05, down 0.08% (27.88 points)

Nasdaq Composite: 13,881.95, down 0.06%


The volatility in nickel prices continue after a brief rise to more than $ 100,000 a tonne earlier this month, but this time the stagnation was a decrease. Nickel prices dropped by 15% on the London Metal Exchange and caused a moderate decline.


Warren Buffett puts one of Berkshire Hathaway's nearly $ 150 billion in cash to buy his Alleghany. Berkshire will buy insurance for about $ 12 billion.


The legendary low-income investor Bill Gross has warned investors that the Federal Reserve will "wreak havoc on the economy" by raising interest rates sharply. Based on the Fed’s recent dot structure, the potential for a seven-fold increase in 2022 is still possible.


West Texas Intermediate crude oil rose up 4.14% to $ 107.36 per barrel. Brent crude, the international oil price index, has risen to 4.31% to $ 112.58.


Bitcoin increased by 1.21% to $ 41,343. Ether prices ranged from 2.81% to $ 2,926.


Gold decreased by 0.29% to $ 1,922.90 per ounce. The Treasury's 10-year yield added eight points to 2.24%.


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Courtesy Grizler.com

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