Dow rebounds Wednesday as investors shake off intensifying Russia-Ukraine conflict, spiking oil

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Dow rebounds Wednesday as investors shake off intensifying Russia-Ukraine conflict, spiking oil

Tiger Newspress2022-03-02

Stocks rose on Wednesday despite a continued surge in oil prices surged amid the intensifying conflict between Russia and Ukraine.

The Dow Jones Industrial Average gained 228 points, or 0.7%. The S&P 500 and Nasdaq Composite added about 0.4% and 0.2%, respectively.

Oil and gas stocks and chip stocks rose, while silver and gold stocks fell.

Salesforce rose more than 3%, its fourth quarter revenue increased by 26% year-on-year, and the Q1 and full year revenue guidelines of fiscal 2023 exceeded market expectations.

Nordstrom rose more than 26%, and its fourth quarter profit soared fivefold to $200 million by the end of January.

Sofi rose more than 15%, and its new members increased by 39% to 523000 in the fourth quarter. It is expected that the adjusted revenue growth in the first quarter will be as high as 55%.

Corporate news helped push the market higher. Shares of Ford popped 4.6% in after the automaker announced it would split its electric vehicle and legacy production businesses into two separate units.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment（45）

Sunshine_2
·2022-03-03
Good
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2
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WaiSiong81
·2022-03-03
👍
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1
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SCLIEW
·2022-03-03
666
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3
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simplydkam
·2022-03-03
Like
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3
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superpopo
·2022-03-03
Good
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4
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JaiVenky
·2022-03-03
Noise
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2
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TaiWoeiHaur
·2022-03-03
Good morning
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3
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PearlynCSY
·2022-03-03
US instigating the Ukraine crisis to strengthen her superpower status and to save her economy from more than $30 trillion national debt. Each time when there's a crisis, it will benefit the USD. It will also benefit her defence industry as she continues to sell more weapons. Now, U.S. wants to send more troops to Europe and Asia to contain Russia and China. US is happy as long as the battlefield is not on homeground. And she will continue to abuse the USD as global reserve currency and export her sky high inflation to the rest of the world. Typical US hegemony
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4
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RichyRick
·2022-03-03
Good to know
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5
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Jazling
·2022-03-03
Wow
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4
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TLC88
·2022-03-03
Ok
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2
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Shalom55
·2022-03-03
Interesting news
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EHG
·2022-03-03
Like
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3
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Steve81
·2022-03-03
Jiayou
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Huat1333
·2022-03-03
What a ....[smile] [smile] [smile]
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ASMH
·2022-03-03
Like
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HOTBE
·2022-03-03
Great
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QSL
·2022-03-03
Good
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Verine
·2022-03-03
Nice
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LongZR
·2022-03-03
Nice
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morning&nbsp;","listText":"Good morning&nbsp;","text":"Good morning","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033696838","repostId":1167039770,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033696175,"gmtCreate":1646264531996,"gmtModify":1676534109266,"author":{"id":"4092458811577680","authorId":"4092458811577680","name":"PearlynCSY","avatar":"https://static.tigerbbs.com/b3e9fe7af061efe80a756d23de62e7b3","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4092458811577680","authorIdStr":"4092458811577680"},"htmlText":"US instigating the Ukraine crisis to strengthen her superpower status and to save her economy from more than $30 trillion national debt. Each time when there's a crisis, it will benefit the USD.&nbsp;It will also&nbsp;benefit her defence industry as she continues to sell more weapons. Now, U.S. wants to send more troops to Europe and Asia to contain Russia and China. US is happy as long as the battlefield is not on homeground. And she will continue to abuse the USD as global reserve currency and export her sky high inflation to the rest of the world. Typical US hegemony","listText":"US instigating the Ukraine crisis to strengthen her superpower status and to save her economy from more than $30 trillion national debt. Each time when there's a crisis, it will benefit the USD.&nbsp;It will also&nbsp;benefit her defence industry as she continues to sell more weapons. Now, U.S. wants to send more troops to Europe and Asia to contain Russia and China. US is happy as long as the battlefield is not on homeground. And she will continue to abuse the USD as global reserve currency and export her sky high inflation to the rest of the world. Typical US hegemony","text":"US instigating the Ukraine crisis to strengthen her superpower status and to save her economy from more than $30 trillion national debt. Each time when there's a crisis, it will benefit the USD. It will also benefit her defence industry as she continues to sell more weapons. Now, U.S. wants to send more troops to Europe and Asia to contain Russia and China. US is happy as long as the battlefield is not on homeground. And she will continue to abuse the USD as global reserve currency and export her sky high inflation to the rest of the world. Typical US hegemony","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033696175","repostId":1167039770,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9033691228,"gmtCreate":1646264338165,"gmtModify":1676534109218,"author":{"id":"3574713327400822","authorId":"3574713327400822","name":"RichyRick","avatar":"https://static.tigerbbs.com/b86ee481aaeabbd2348ddf829e3a56fe","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574713327400822","authorIdStr":"3574713327400822"},"htmlText":"Good to know&nbsp;","listText":"Good to know&nbsp;","text":"Good to 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