May 13, 2022

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Stocks Swing, Oil and Gold Fall with Uncertainty in Russia and Ukraine

Stocks Swing, Oil and Gold Fall with Uncertainty in Russia and 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 34045.84 -266.19 -0.78%
SP500 Standard & Poor’s 500 4339.39 -40.87 -0.93%
I: COMP Nasdaq Composite Index 13516.32923 -200.39 -1.46%

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 177.12 -0.15 -0.09%

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 + 0.45%

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. 368.78 -11.85 -3.11%
cat Caterpillar Corporation 191.82 -2.87 -1.47%

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. 106.74 -37.97 -26.24%

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. 17.69 -4.37 -19.81%

Pfizer is in the spotlight after reports emerged that the drug company is delaying its expanded use of a COVID-19 vaccine for children under five due to efficacy.

tape protection the last they change they change %
PFE Pfizer Inc 48.38 -0.54 -1.09%
BNTX BIONTECH SE 155.86 -1.50 -0.95%

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.