Increasing tensions between Ukraine and Russia sent crude oil to new highs, with it gaining roughly +5% on the day and trading above $93 a barrel. This news led investors to dump stocks and head for safe havens like gold, which spiked over +2% today.
The DOW tumbled 504 points or -1.43% to close at 34,738.06. The S&P 500 dropped -1.90% to finish at 4,418.64, and the NASDAQ fell -2.78% to end the day at 13,791.15. And for the week, the DOW lost -1.00%, the S%p 500 lost -1.82%, and the NASDAQ led the way lower, losing -2.18%.
Key Levels To Watch Next Week:
- S&P 500 (CME:SP500): 4,595.31
- Dow (INDEX:DJI): 33,150.33
- NASDAQ (NASDAQ:COMP): 14,509.56
- U.S. Dollar (ICE:DX): 95.13
- Gold (NYMEX:GC.J22): 1,867.40
- Crude Oil (NYMEX:CL.H22): 89.19
- Bitcoin (BITCOIN:BITSTAMPUSD): 37,412.93
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
