Stocks fall, inflation jumps 7.9%, gas hits new high: LIVE UPDATES
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| Symbol | Price | Change | %Change |
|---|---|---|---|
| I:DJI | $33,174.07 | -112.18 | -0.34% |
| SP500 | $4,259.52 | -18.36 | -0.43% |
| I:COMP | $13,129.96 | -125.58 | -0.95% |
U.S. stocks closed down but off the worst levels of the day, gold ticked up in a safe-haven play.
Statement from The Walt Disney Company spokesperson:
“Last week, after Russia’s unprovoked invasion of Ukraine, we announced that we were pausing the release of theatrical films in Russia and reviewing the rest of our businesses there.
Given the unrelenting assault on Ukraine and the escalating humanitarian crisis, we are taking steps to pause all other businesses in Russia. This includes content and product licensing, Disney Cruise Line activities, National Geographic magazine and tours, local content productions and linear channels.
Some of those business activities we can and will pause immediately. Others—such as linear channels and some content and product licensing—will take time given contractual complexities.
Even as we pause these businesses, we remain committed to our dedicated colleagues in Russia, who will remain employed. And we continue to work with our NGO partners to provide urgent aid and other much-needed assistance to refugees.”
Sony has joined the growing list of companies taking action against Russia following its invasion of Ukraine.
In a statement shared by PlayStation's Twitter account, Sony Entertainment Interactive called for peace in Ukraine and said it would be suspending all software and hardware shipments to Russia, as well as the launch of Gran Turismo 7 and the operation of its PlayStation Store in the country.
Gold - Thomson Financial
| Symbol | Price | Change | %Change |
|---|---|---|---|
| GLD | $186.80 | +0.93 | +0.50% |
Gold, a safe haven amid Russia-Ukraine uncertainty and a hedge to inflation, rising.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| GS | $329.90 | -3.69 | -1.11% |
| JPM | $131.86 | -1.58 | -1.18% |
Goldman Sachs made its announcement on Thursday
Amazon's 20-for-1 stock split is set for shareholders of record on May 27, 2022.
| Symbol | Price | Change | %Change |
|---|---|---|---|
| AMZN | $2,785.58 | +65.29 | +2.40% |
| Symbol | Price | Change | %Change |
|---|---|---|---|
| I:DJI | $32,969.23 | -317.02 | -0.95% |
| SP500 | $4,232.32 | -45.56 | -1.07% |
| I:COMP | $13,065.24 | -190.30 | -1.44% |
U.S. stocks fell in early trading after the CPI Index jumped 7.9% a 40-year high.
The Consumer Price Index rose 7.9% largely driven by energy prices. The February read does not include the Russia, Ukraine conflict.
Traders on the NYSE floor (AP Photo/Richard Drew)
U.S. equity futures traded lower Thursday morning, ahead of the release of a key inflation report. Soaring U.S. inflation is expected to continue its surge with no sign of relief in sight, as the costs of consumer goods like gasoline and household items climb to new heights. Continue reading
Gas Prices (AAA)
The average price for a gallon of gasoline in the U.S. hit a new record high on Thursday, jumping 6 cents from the day before to $4.318 according to the latest numbers from AAA.
The previous record was $4.252, set on Wednesday March 9, 2022.
Silhouette of working oil pumps (iStock)
The price of oil resumed its move higher on Thursday morning after a sharp drop on Wednesday. The market is examining whether major producers will raise supply in an attempt to help plug the output lost from Russia due to sanctions for its invasion of Ukraine. Continue reading
Bitcoin illustration (iStock)
Bitcoin was trading around $39,000 Thursday morning, giving back some gains picked up Wednesday. Bitcoin remains down more than 9% year-to-date. Continue reading
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