US market close: Commodities waver as indexes stay red
By Joseph Toppe
20:55, 3 March 2022
On Thursday, the Dow Jones Industrial Average (US30) lost 96 points, or 0.29%, the S&P 500 went down 0.53%, while the Nasdaq Composite (US100) fell 1.56%.
Halfway through the session, the Dow was down approximately 156 points, or 0.46%, the S&P was down around 0.70%, and the Nasdaq was roughly 1.40% lower.
Winners & losers: Bank stocks withdraw
Healthcare shares were mixed on Thursday with Pfizer 0.27% in the green, BioNtech down 3.19%, as Moderna retreated 4.29%, and Johnson & Johnson rose 1.48% higher.
In the technology sector, shares of Meta fell 2.47%, Twitter slipped 3.26%, while Snap went 4.58% lower, and Pinterest dropped 4.23% in the red.
In banking, shares of JPMorgan are off 0.71%, Goldman Sachs is down 0.88%, and Bank of America is 1.07% lower.
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Oil: Deflates
Oil futures went up and down as April West Texas Intermediate crude futures lost $2.93, or 2.7%, to close at $107.67 a barrel after reaching a session high of $116.57, its highest mark since 2008.
In the energy sector, shares of Exxon Mobil are 0.63% in the green, while ConocoPhillips dropped 0.64%.
Gold: Adds to gain
Gold futures are up on Thursday as April gold went up $13.60, or 0.7%, to settle at $1,935.90 an ounce.
Treasury: Yield shrinks
The yield on the benchmark 10-year Treasury note decreased to 1.843% from 1.862%.
Forex: USD blows by rouble
The US dollar is now $110.17 of the Russian rouble, after equaling just $106.20 of the currency earlier in the day.
Meanwhile, the dollar remains 90 cents of the euro, 75 cents of the British pound sterling and $1.27 of the Canadian dollar.
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