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The Wrap: Markets & Consumer Stocks Slide With Russian Oil Ban, Energy Sector Up

Volatility remains elevated, and markets continue to slide amid the announcement from President Biden on the Russian oil ban in the U.S. On the other hand, wheat prices opened slightly lower today. Next, Scott Connor weighs in on the energy sector being up, while the consumer staples sector falls. Both Chevron (CVX) and Exxon Mobil (XOM) stock prices were up for the day. Coca-Cola (KO), McDonald’s (MCD), Starbucks (SBUX), and Proctor & Gamble (PG) shares fell. However, Kohl’s (KSS) finished higher due to the news regarding many potential buyers. Finally, Connor discusses some economic data like the NFIB Small Business Optimism, International Trade, and Redbook.

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08 Mar 2022

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