U.S. stocks and government bond yields edged down after the...
U.S. stocks and government bond yields edged down after the Federal Reserve raised interest rates for the first time since 2018 and oil soared as the market’s focus returned to the Ukraine war.
The S&P 500 declined 0.4% in early trading after the broad-market index closed more than 2% higher on the past two consecutive days. The Nasdaq Composite Index fell 0.7%, as technology stocks suffered modest losses after the opening bell. The Dow Jones Industrial Average dropped 0.4%, or 130 points.
Biden and China's Xi to discuss Russia and Ukraine in Friday call
MarketWatch: President Joe Biden and Chinese President Xi Jinping...
MarketWatch:President Joe Biden and Chinese President Xi Jinping will hold a call on Friday, the White House announced, in what will be the first conversation between the two leaders since Russia invaded Ukraine. Biden and Xi "will discuss managing the competition between our two countries as well as Russia's war against Ukraine and other issues of mutual concern," the White House said in a statement. Earlier this week, the Associated Press reported that Biden's national security adviser warned a top Chinese official about China's support for Russia in the Ukrainian invasion, even as the Kremlin denied reports it had requested Chinese military equipment to use in the war.
Closing oil and gas prices for Wednesday, March 17, 2022
Benchmark U.S. crude oil for April delivery fell $1.40 to $95.04 a barrel Wednesday. Brent crude...
Benchmark U.S. crude oil for April delivery fell $1.40 to $95.04 a barrel Wednesday. Brent crude for May delivery fell $1.89 to $98.02 a barrel. Wholesale gasoline for April delivery fell 1 cent to $2.99 a gallon. April heating oil rose 7 cents to $3.10 a gallon. April natural gas rose 18 cents $4.75 per 1,000 cubic feet.
