Markets Fall Amid Rising Oil Prices

U.S. indices finished lower Wednesday as investors continue to weigh the Federal Reserve tapering outlook, inflation concerns and the Russia-Ukraine war. Oil prices have also gained, which has pressured economic sentiment.

  • The Nasdaq composite finished higher by 1.95% to 14,108; The Invesco QQQ Trust Series 1 QQQ gained 1.97% to $356.96
  • The S&P 500 traded lower by 1.23% to 4,456; The SPDR S&P 500 ETF Trust SPY lost 1.29% to $443.80
  • The Dow Jones composite finished lower by 1.24% to 11,839; The SPDR Dow Jones Industrial Average ETF Trust DIA finished lower by 1.36% at $343.41

Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.

Hess Corp. HES, Marathon Oil Corporation MRO and Baker Hughes Co BKR were among the top gainers for the SPY Wednesday.

Charles River Laboratories Intl. Inc CRL, ResMed Inc. RMD and Adobe Inc ADBE were among the top losers for the S&P 500.

Elsewhere On The Street

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The difference between the yield on 10-year and two-year U.S. Treasury bonds has dropped below 0.2% and is now at its lowest level since March 2020. Unfortunately, a flattening or negative yield curve can be a very negative indicator for the economy… Read More

Ethereum Classic ETC/USD has gained significantly since 2022 began. The coin has appreciated 34.6% since the year began while Ethereum ETH/USD has fallen 21.33%... Read More

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