Dow Jones drops 300+ points, oil pulls back from $120 level

US stocks It fell across the board on Monday as investors traded cautiously with oil prices reaching their highest levels since 2008 as the conflict between Russia and Ukraine continues to define the market’s direction.

The Dow Jones Industrial Average fell more than 300 points, or 1%, while the S&P 500 and Nasdaq Composite fell 0.8% and 0.6%.

Russia invades Ukraine: live updates

tape protection the last they change they change %
Me: DJI Dow Jones averages 33320.32 -294.48 -0.88%
SP500 Standard & Poor’s 500 4291.39 -37.48 -0.87%
I: COMP Nasdaq Composite Index 13184.685418 -128.75 -0.97%

The price of US crude fell to about $116 a barrel, after it approached $130.

Goods have the best weeks to register

tape protection the last they change they change %
USO United States Petroleum Fund LP 79.46 +4.93 + 6.61%
BNO United STS BRENT OIL FD LP UNIT 33.85 +1.07 + 3.26%

Oil traders eye $200 per barrel this month: Report

This pushed the average price of gasoline in the United States over $4 a gallon. The highest level for average gasoline prices was set on July 17, 2008, at $4.10 per gallon.

In stocks, Bed Bath & Beyond shares rose more than 60% after Ryan Cohen, GameStop president and founder of Chewey, took a stake in the home retailer and detailed plans for a turnaround that criticizes CEO Mark Tritton.

tape protection the last they change they change %
BBBY BED BATH & BEYOND INC. 26.23 +10.04 +62.08%

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Kohl’s, another retailer under Target of Activists, updated its Investor Day strategy with plans to grow Sephora into a $2 billion business across nearly 900 stores, and in addition, it launched goals for “low and medium sales growth of 10%” To – high single digit EPS growth,” the company detailed.

tape protection the last they change they change %
KSS KOHL’S CORP. 58.77 -0.22 -0.37%

Uber has also been focused on after the ride-sharing company boosted its forecasts and now expects to earn between $130 million and $150 million, up from $100 million to $130 million.

tape protection the last they change they change %
Uber Uber technology company 30.20 +0.38 + 1.26%
LYFT LYFT INC. 36.79 +1.51 + 4.28%

“Mobility demand improved significantly during February, with 90% of flights recovered and total bookings recovered by 95% compared to February 2019. In addition, the annual turnover for delivery total bookings reached an all-time high in February,” the company revealed on the Securities and Exchange Commission (SEC). Deposit.

Apple hosts online event in March

tape protection the last they change they change %
AAPL Apple company 163.17 -3.06 -1.84%

Investors will be watching Apple closely ahead of tomorrow’s event. The early buzz is that the tech giant will be rolling out a cheaper iPhone for 5G.

Shell pledges that profits from the Russian oil trade will go to charity

In cryptocurrencies, the price of Bitcoin dropped to the $38,000 level.


The Associated Press contributed to this report.

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