The Russia-Ukraine situation and inflation are continuing to drag down the markets. Oil and wheat finished in the red today as gold and the 10-Year Treasury finished higher. In terms of the energy sector, Exxon Mobil (XOM), Chevron (CVX), Halliburton (HAL), EOG Resources (EOG), and ConocoPhillips (COP) stock prices traded up. On the other hand, information technology saw some weakness with Apple (AAPL) being down almost 3%. In terms of consumer discretionary, Amazon (AMZN) announced a 20-for-1 stock split that caused the stock price to trade higher. Moreover, Scott Connor discusses the CPI numbers being in line with expectations and reaching 40-year highs. Finally, after yesterday’s rally, bitcoin finished 6% lower on the day.
10 Mar 2022