Stocks Finish Inflation-Riddled Week with Losses

Oil prices finished the week up 8.8%

Deputy Editor
Apr 14, 2022 at 4:26 PM
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The tech-heavy Nasdaq finished the day down 292 points, as surging bond yields applied pressure on growth stocks once again. The 10-year Treasury yield climbed above 2.8%, back near the three-year highs it had grazed earlier in the week. The Dow and S&P 500 landed in the red as well, as Wall Street unpacked earnings from big bank names and continued to weigh the week's inflation data. For the holiday-shortened week, all three benchmarks finished with losses, with the blue-chip index posting its third-straight weekly decline.

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

  • Analysts weigh in on Netflix stock before earnings. 
  • marijuana stocks to watch this week. 
  • Plus, IBM upgraded; weekly options popularity; and Morgan Stanley's upbeat results. 

The Dow Jones Average (DJI - 34,451.23) fell 113.4 points, or 0.3% for the day, and 0.8% for the week. Nike (NKE) led the gainers with a 3.7% rise, while Salesforce.com (CRM) dropped to the bottom of the index with a 3.2% loss. 

The S&P 500 Index (SPX - 4,392.59) dropped 54 points, or 1.2%, for the day, and 2.2% or the week. Meanwhile, the Nasdaq Composite (IXIC - 13,351.08) lost 292.5 points, or 2.1% in today's session, and 2.7% for the week.

Lastly, the Cboe Market Volatility Index (VIX - 22.70) rose 0.9 point, or 4% for the day, and added 7.2% for the week. 

closing indexes april 14

nyse and nasdaq april 14

5 Things To Know Today

  1. Chris Sacca’s climate investment company, Lowercarbon Capital, announced that it raised a $350 million fund to invest in carbon removal start-up companies. (CNBC)
  2. The euro slipped to a two-year low vs. the U.S. dollar on Thursday, after rate decisions from the European Central Bank (ECB). (MarketWatch)
  3. Analyst calls IBM a "place to hide" amid economic risk. 
  4. Why traders are loading up on weekly options
  5. Morgan Stanley shares top- and bottom-line beat. 

earnings april 14

uvol april 14

Gold Prices Snap Win Streak, Oil Posts Weekly Win

Oil prices rose for the day, after news that the European Union (EU) is drafting a measure to ban Russian oil.  May-dated West Texas Intermediate (WTI) crude climbed $2.70, or 2.6%, to settle at $106.95 a barrel for the day, and 8.8% for the week. 

Gold prices snapped their five-day win streak today, with June-dated gold falling $9.80, or 0.5%, to settle at $1,974.90 an ounce. For the week, the front-month contract still added 1.5%.  

 

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