13.4 C
New York
Wednesday, May 18, 2022
HomeStock investingStock market news March 24, 2022

Stock market news March 24, 2022

Stock market today

A higher close for the US stock market today. Here are the closing numbers for major US stock market indexes.

S&P 500: 4,520.16,+63.92(+1.43%)
Dow 30: 34,707.94,+349.44(+1.02%)
Nasdaq: 14,191.84,+269.23(+1.93%)
Russell 2000: 2,075.44,+23.24(+1.13%)

Stock market news

“U.S. stocks rose Thursday as investors continued to weigh a number of risks, including the Federal Reserve’s inflation flight and Russia’s war in Ukraine.

The S&P 500 climbed 0.4% to 4,472.77, while the Dow Jones Industrial Average inched up slightly by 0.2% to 34,407.87. The Nasdaq Composite gained 0.4% to 13,976.95.

The United States will expand its sanctions on Russia in response to its invasion of Ukraine, targeting members of the country’s parliament and the central bank’s gold reserves, the White House said Thursday. Washington is also set to build on its humanitarian assistance by accepting 100,000 Ukrainian refugees and providing an additional $1 billion in food, medicine, water and other supplies.

The initiatives come as President Joe Biden and NATO allies convene in Brussels for a series of summits to discuss the conflict.

In Russia, the Moscow Exchange partially reopened Thursday after a nearly monthlong shutdown to resume local trading in 33 securities, including oil giant Gazprom and Russian majority state-owned financial institution Sberbank. The Central Bank banned short-selling on stocks, however, and prohibited foreign investors from selling stocks. The benchmark MOEX index (IMOEX.ME) gained as much as 10% in early trading.

The White House in a statement early Thursday called the re-opening a “charade,” and noted the government was “artificially propping up the shares of companies that are trading.”

Wednesday marked two years since the S&P 500 bottomed in the 2020 global stock market crash after the World Health Organization moved to declare COVID-19 an official pandemic. Since then, the benchmark has registered its best two-year gain — more than 100% from the low — since 1937, according to data from Bespoke Investment Group.

Although the recovery makes the period the best two-year bull run in history in terms of strength, per Bespoke, U.S. stocks have had a rocky start to 2022 amid a backdrop of growing headwinds.”

Stock market data: Yahoo Finance



Please enter your comment!
Please enter your name here

Most Popular