Stocks, oil and gold fall as Russia, Ukraine tangle

Deere boosted its full-year outlook

U.S. stocks fell across the board as investors kept a close eye on escalating worries over the possibility of Russia invading Ukraine.

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 31037.68 +69.86 +0.23%
SP500 S&P 500 3845.08 +13.69 +0.36%
I:COMP NASDAQ COMPOSITE INDEX 11361.851785 +39.61 +0.35%

The Dow Jones Industrial Average fell 232 points or 0.7%, while the S&P 500 and Nasdaq Composite fell 0.7% and 1.2%. 

Ticker Security Last Change Change %
QQQ INVESCO QQQ NASDAQ 100 288.80 +1.84 +0.64%
EXI ISHARES TRUST GLOBAL INDUSTRIALS ETF 95.74 +0.76 +0.80%

Technology and industrials paced the drop in the broader market and pushed all three benchmarks to losses for the week. 

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Ticker Security Last Change Change %
GLD SPDR GOLD SHARES TRUST - EUR ACC 162.11 -2.62 -1.59%

GOLD SPIKES TO NINE-MONTH HIGH ON RUSSIA, UKRAINE

The price of gold, traditionally a safe haven during geopolitical uncertainty, was little changed after hitting a nine-month high. 

Ticker Security Last Change Change %
USO UNITED STATES OIL FUND L.P. 73.62 -1.18 -1.58%

Oil fell over 2% for the week closing at $91.07 per barrel. 

In earnings, Deere & Company shares fell even after it boosted its profit outlook, expecting to earn as much $7.1 billion net income 2022 above expectations. 

"Looking ahead, we expect demand for farm and construction equipment to continue benefiting from strong fundamentals," said CEO John May. 

WALMART STOCK JUMPS AS RETAILER BOOSTS FORECAST DESPITE INFLATION

Ticker Security Last Change Change %
DE DEERE & CO. 289.11 -3.01 -1.03%
CAT CATERPILLAR INC. 172.83 -1.11 -0.64%

Roku shares tanked over 22% after warning supply chain disruptions will likely impact profit and sales as television orders remained delayed. The stock is on pace for the biggest percentage drop ever. 

Ticker Security Last Change Change %
ROKU ROKU INC. 88.53 -3.53 -3.83%

DraftKings also slid after forecasting a loss of as much as $925 million in 2022, wider than expected. 

Ticker Security Last Change Change %
DKNG DRAFTKINGS INC. 12.37 -0.60 -4.63%

Pfizer in focus after reports circulated that the drugmaker is delaying its expanded use of its COVID-19 vaccine for children under 5 years of age due to efficacy. 

Ticker Security Last Change Change %
PFE PFIZER INC. 52.76 +1.07 +2.08%
BNTX BIONTECH SE 160.20 -0.83 -0.52%

On the economic agenda, existing home sales for the month of January rose 6.7%, as reported by the National Association of Realtors. This follows a steeper-than-expected decline of 4.6% in December due to high prices and low inventory. Home prices hit a record $362,800 on average. 

Ticker Security Last Change Change %
TOL TOLL BROTHERS INC. 47.24 -0.90 -1.87%
LEN LENNAR CORP. 76.59 -0.42 -0.55%
DHI D.R. HORTON INC. 72.04 -0.46 -0.63%

Also, the Conference Board’s Leading Economic index for January fell 0.3%. 

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Bitcoin fell below the $40,000 level sinking in tandem with stocks. 

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FOX Business' Ken Martin and The Associated Press contributed to this report.