Dow Sinks as White House Warns of Possible Ukraine Invasion

The White House said Russia could invade Ukraine during the Olympics

Digital Content Manager
Feb 11, 2022 at 4:27 PM
facebook X logo linkedin


Stocks wrapped up a volatile week on Wall Street with more losses. The Dow shed 503 points on Friday, after the White House warned Russia could invade Ukraine during the the Olympics. A red-hot consumer price index (CPI) continued to weigh on the markets as well, as did worse-than-expected preliminary consumer sentiment data for February out of the University of Michigan. In turn, the S&P 500 and Nasdaq fell sharply, with all three major benchmarks logging weekly losses as well. Meanwhile, the Cboe Volatility Index (VIX) settled at its highest level this month, and logged a weekly win to boot.

Continue reading for more on today's market, including:

  • Why Under Armour stock brushed off a revenue win.
  • Affirm stock extended losses after its earnings blunder.
  • Plus, unpacking Cleveland-Cliff's quarterly miss; CCK nabs fresh record; and how Yelp beat analysts' estimates.

The Dow Jones Average (DJI - 34,738.06) fell 503.5 points, or 1.4% for the day, and 1% for the week. Chevron (CVX) led the gainers with a 2% pop, while Salesforce.com (CRM) paced the laggards with a 4.5% drop.

The S&P 500 Index (SPX - 4,418.64) shed 85.4 points, or 1.9% for the day, and 1.8% for the week. Meanwhile, the Nasdaq Composite (IXIC - 13,791.15) lost 394.5 points, or 2.8% for today's session, and 2.2% for the week.

Lastly, the Cboe Volatility Index (VIX - 27.36) added roughly 3.5 points, or 14.4% for the day, and 17.9% for the week.

closing summary Feb11

nyse nasdaq Feb11

5 Things To Know Today

  1. Pfizer (PFE) delayed its U.S. Federal Food and Drug Administration (FDA) application until April to expand its Covid-19 vaccine to younger kids. (CNBC)
  2. Goodyear Tire & Rubber (GT) was pacing for its worst day since Black Monday, after issuing a disappointing free cash flow outlook for the full year. (MarketWatch)
  3. Cleveland-Cliffs stock plummeted after missing analysts' estimates.
  4. Crown Holdings stock nabbed a fresh record as the market tumbled.
  5.  A top- and bottom-line beat helped Yelp stock move higher today.

Earnings Feb11

UVOL Feb11

Oil Settles at 7-Year Highs Amid Russia-Ukraine Tensions

Oil prices closed at a seven-year high on Friday, after the White House warned that Russia's invasion of Ukraine could be coming. In turn, March-dated crude rose $3.22 cents, or 3.6%, to settle at $93.10 per barrel for the day, and 0.9% higher on the week.

Meanwhile, gold prices edged higher to score a 1.9% weekly win, as well as their sixth-straight gain. Higher inflation continued to provide support for the yellow metal, though fears that Russia may invade Ukraine drove investors to the safe-haven commodity as well. In turn, April-dated gold added $4.70, or 0.3%, to close at $1,842.10 per ounce. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI