Stocks fell on another White House warning of an imminent threat of Russia invading Ukraine. However, the financial markets are giving mixed signals. The United States economy is in check after reports on building permits, housing starts, jobless claims, and manufacturing.
At some point today, the Fed Monetary Policy report will be submitted to Congress. The Federal Reserve Act requires the Federal Reserve Board to submit written reports semiannually to the Senate Committee on Banking, Housing, and Urban Affairs, as well as the House Committee on Financial Services. Outside of the report, Chicago Fed President Charles L. Evans is scheduled to speak. Investors will be interested to see how much support or resistance St.
Another confusing market signal is coming from oil prices. Russia and Ukraine are big players in petroleum and unrest should cause big issues for oil supplies. However, oil prices have fallen the last three days in a row, dropping nearly 6%. Thursday’s falling oil price could be a result of talks between the United States and Iran that could remove some sanctions on Iran that would allow them to start selling oil outside of their borders in the near future.
Investors got defensive with consumer staples staying in the green most of the day. Companies that are needed in all economic conditions were able to rally. For example, Coca-Cola and Procter & Gamble closed 2% and 1.15% higher respectively. Utilities were also able to close in the green, while all other sectors closed in the red. Technology, consumer discretionary, and financial stocks were worst performers.A few stocks are moving this morning.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russia-Ukraine live updates: Russia adds as many as 7,000 troops, US official saysThe Ukrainian government has denied any intention to launch an offensive on the separatist-held areas.
Read more »
Russia-Ukraine live updates: Russia-backed separatists announce mass evacuationsJUST IN: Pres. Biden to give update 'on our continued efforts to pursue deterrence and diplomacy, and Russia’s buildup of military troops on the border of Ukraine' at 4 p.m. ET, White House says.
Read more »
The latest on the Ukraine-Russia border crisis: Live updatesPresident Biden said he believes an invasion of Ukraine could happen 'within the next several days' and the US secretary of state warned Russia is planning to manufacture a justification for an attack. Follow here for the latest news.
Read more »
Biden to speak on Russia and Ukraine after call with Transatlantic leadersPresident Joe Biden will speak at 4 p.m. Eastern time on the U.S.'s 'continued efforts to pursue deterrence and diplomacy, and Russia's buildup of military...
Read more »
Separatists order evacuations to Russia amid worst shelling in eastern Ukraine in yearsPro-Russian separatists in eastern Ukraine's breakaway regions ordered the evacuation of civilians to Russia Friday, accusing Ukraine of planning a large military offensive against the two self-declared republics
Read more »