Tag: RussiaUkraine

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Here are all the companies taking action on the Russia-Ukraine war so far

Here are all the companies taking action on the Russia-Ukraine war so far

All eyes are on Russia this week as the West’s escalating docket of economical penalties offer a more challenging-than-predicted blow to the country’s economic climate, complicated a many years-lengthy effort and hard work by President Vladimir Putin to make the program sanction-proof.

To incorporate to the economic blowback, Corporate The us and a growing amount of multinational organizations have joined in protest of Moscow’s military services assault on Ukraine, moving to sever enterprise dealings with Russia or take a stand in support for Ukrainian refugees.

Steps by the U.S. and Europe, like a move to block some Russian banking institutions from the SWIFT payment network and sanctions on the Central Lender of Russia, have presently sent the ruble cratering much more than 30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and stored the Moscow Stock Exchange shut on Monday. A sharper economic fallout is underway, with JPMorgan warning the state is poised to enter a economic downturn.

More penalizing bulletins from multinational firms expected in the week in advance are most likely to even further derail the economic image for Russia and the way of daily life for its citizens.

The repercussions for Russia’s money technique, even in early phases and nevertheless widening, have previously proved so consequential that Deutsche Bank strategist Jim Reid considered the latest situations “a money war.”

JPMorgan was the initial financial institution on Wall Road to make a wager on the financial fallout for Russia that could ensue, estimating the country’s economic system could agreement 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} quarter above quarter, saar [seasonal adjusted annualized rate], in 2Q, and about 3.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the year.

“These sanctions will pretty much absolutely hit their mark on the Russian economic climate which now seems to be headed for a deep economic downturn and the imposition of cash controls,” JPMorgan’s group stated.

Right here are the initially round of actions from a host of significant-title organizations that commenced to trickle in modern times:

Common Motors

Basic Motors (GM) explained it would briefly halt car or truck exports to Russia in reaction to its invasion of Ukraine. The Detroit enterprise sells about 3,000 cars in Russia and does not have crops based in the state.

“Our ideas are with the persons of Ukraine at this time,” GM explained in a statement. “The loss of everyday living is a tragedy and our overriding issue is for the safety of folks in the area.”

Disney

The Walt Disney Company (DIS) suspended motion picture releases in Russia and said it is doing the job to present humanitarian alleviate to Ukrainian refugees fleeing the nation. Disney issued the adhering to statement:

“Given the unprovoked invasion of Ukraine and the tragic humanitarian disaster, we are pausing the release of theatrical films in Russia, which include the upcoming Turning Red from Pixar. We will make foreseeable future company choices based on the evolving situation. In the meantime, provided the scale of the rising refugee disaster, we are doing work with our NGO companions to give urgent support and other humanitarian guidance to refugees.”

Shell

Shell (SHEL) claimed it will exit all Russian functions, like its partnership with Russian electricity conglomerate Gazprom.

“We are stunned by the reduction of lifetime in Ukraine, which we deplore, ensuing from a senseless act of armed service aggression which threatens European security,” CEO Ben van Beurden claimed in a statement.

Dell

Dell Systems (DELL) has verified to Yahoo Finance that it has suspended merchandise profits in Ukraine and Russia, also furnishing the following statement:

“Our ideas are with these households who have shed loved kinds and all who are impacted. Our top priority, at this time, is supporting our Ukrainian crew customers as they endeavor to relocate to a secure and secure natural environment. We are closely monitoring this condition and are working with personnel to address their personalized or family situations. We have suspended product or service product sales in Ukraine and Russia. We will proceed to intently check the situation to figure out our future actions.”

Meta

Facebook mother or father Meta (FB) has barred ads from Russian condition media on its web-site. The firm also mentioned it is in speak to with the Ukrainian govt and restricted obtain to many accounts in the place belonging to Russian condition media corporations at the request of officials.

“We keep on being vigilant to emerging traits and stand completely ready to acquire additional action to meet up with the requires of this ongoing conflict,” the organization stated.

Twitter

Twitter (TWTR) temporarily paused advertisements in Ukraine and Russia “to be certain vital general public protection facts is elevated and adverts do not detract from it.”

Google

Alphabet Inc.’s Google (GOOG, GOOGL) banned Russia’s condition-owned media outlet RT and other channels from accumulating revenue for adverts on their internet websites, applications, and YouTube video clips.

Delta Air Lines

Delta (DAL) halted its alliance with Russia’s flagship airline Aeroflot. The organization withdrew its code from Aeroflot-operated companies over and above Moscow’s Sheremetyevo Airport and Aeroflot’s code from Delta-operated services from Los Angeles and New York-JFK.

Tesla, SpaceX

At the ask for of Ukraine’s vice prime minister and minister of digital transformation Mykhailo Fedorov, Tesla (TSLA) CEO Elon Musk claimed Starlink, the web provider provided by SpaceX, is energetic in Ukraine, with “more terminals en route.” A resident of Poland on Twitter also posted an e mail indicating the E.V.-maker has manufactured Superchargers in Poland, Slovakia, and Hungary free to assistance Ukrainians trying to escape the war. Tesla did not right away react to Yahoo Finance’s ask for for a lot more information and facts.

Fedex, UPS

Transport giants FedEx (FDX) and UPS (UPS) have suspended shipments into Russia.

BP

BP (BP) is divesting its 19.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} stake in Russian controlled oil company Rosneft. The transfer will appear with a significant $25 billion demand. BP has accomplished company in Russia for a few many years.

Intel, AMD

Intel (INTC) and AMD (AMD) have reportedly suspended chip shipments into Russia. A spokesperson for AMD was unable to comment to Yahoo Finance on the report. A spokesperson for Intel did not straight away return Yahoo Finance’s request for comment.

Airbnb

Residence rental platform Airbnb (ABNB) vowed to present totally free, brief-time period housing for as many as 100,000 Ukrainian refugees fleeing the country.

Etsy

Etsy (ETSY), the online market centered on handmade or vintage things, reported it will cancel all balances — about $4 million worthy of across listing, transaction, and other costs — owed by sellers in Ukraine on its system.

HSBC

British bank HSBC (HSBC) is envisioned to tail off its associations with a lineup of Russian banks together with the next-premier, VTB, according to a report by Reuters, citing an inside memo.

NYSE, Nasdaq

Nasdaq Inc. and the New York Inventory Exchange have briefly suspended buying and selling for Russia-based mostly businesses shown on their exchanges.

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Brian Sozzi is an editor-at-significant and anchor at Yahoo Finance. Observe Sozzi on Twitter @BrianSozzi and on LinkedIn.

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Alexandra Semenova is a reporter for Yahoo Finance. Abide by her on Twitter @alexandraandnyc

Study the latest economical and organization news from Yahoo Finance

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Dow climbs about 800 points in its best day since late 2020 as investors weigh latest on Russia-Ukraine

Dow climbs about 800 points in its best day since late 2020 as investors weigh latest on Russia-Ukraine

Stocks climbed Friday, developing on Thursday’s rally, as traders continued to assess the financial challenges stemming from Russia’s invasion of Ukraine.

The Dow Jones Industrial Common added about 790 details, or 2.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The blue-chip average is on monitor for its very best working day since late 2020. The S&P 500 gained 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The Nasdaq Composite rose 1.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Shares are coming off a whipsaw investing session Thursday in which the major indexes staged a substantial comeback from steep declines earlier in the working day. The Dow on Thursday erased a far more than 800-level decline to close better.

“Investors who have anticipated elevated volatility in 2022 swiftly came into the market and you happen to be seeing follow-by right now,” Jeff Kilburg, main expenditure officer of Sanctuary Prosperity, explained. “We have been in an oversold affliction. There was an overreaction in the fairness markets to the Ukraine crisis.”

For the week, the Dow is marginally decrease although the S&P 500 and the Nasdaq Composite are good.

Shares of Johnson & Johnson and 3M had been the prime gainers of the Dow on Friday, introducing additional than 4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} just about every. Etsy shares led the S&P 500 on Friday, growing close to 15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} following the online marketplace’s quarterly final results defeat analyst estimates.

Shares of Further than Meat tumbled extra than 8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} after a disappointing earnings report. Foot Locker shares plunged about 30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} right after the retailer stated 2022 profits will fall as it expects to offer less Nike merchandise.

Market place sentiment got a enhance Friday after the Kremlin reportedly stated that Russian President Vladimir Putin is ready to send a delegation to Belarusian money Minsk for negotiations with Ukraine.

Russia is closing in on the money city of Kyiv, in accordance to Ukrainian officials. The funds experienced been strike by “horrific Russian rocket strikes,” Ukrainian Overseas Minister Dmytro Kuleba claimed.

European Union leaders are talking about imposing sanctions on any European belongings held by Putin and Overseas Minister Sergey Lavrov, two resources explained to CNBC’s Silvia Amaro. It is not very clear irrespective of whether Putin or Lavrov have any significant belongings in the EU.

President Joe Biden on Thursday rolled out a wave of sanctions versus Russia in a wide hard work to isolate Moscow from the world wide economic climate.

“There is certainly chaos on the ground, but you will find clarity on sanctions, and I consider that is in which the industry is using some convenience,” explained Jeff Kleintop, chief worldwide financial commitment strategist at Charles Schwab.

On the details front, the main personalized intake expenditures selling price index, the Federal Reserve’s principal inflation gauge, rose 5.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from a yr in the past, the Commerce Division claimed Friday. Economists surveyed by Dow Jones predicted a 5.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} print.

Inventory picks and investing tendencies from CNBC Professional:

The Nasdaq Composite is still in correction, or down additional than 10{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from its record significant. The Dow and S&P 500 are just outdoors of correction territory.

“It is a headline-driven current market, and as we get some resolution and see what transpires with Russia and Ukraine, the concentrate will be back again on the Fed all over again,” Bespoke Investment’s Paul Hickey told CNBC’s “TechCheck” on Friday.

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Stocks renew declines as Russia-Ukraine tensions ramp

Stocks renew declines as Russia-Ukraine tensions ramp

Stocks extended declines Friday to close a second straight week in negative territory with geopolitical tensions intensifying to contribute to a further risk-off tone in markets.

The S&P 500 fell 0.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 4,348.97, building on a 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} loss in the previous session, while the Dow Jones index closed down 0.68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 34,079.12 after erasing 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} Thursday for its worst day in nearly three months. The Dow also closed at its lowest level since September. The Nasdaq Composite shed 1.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} to 13,548.07 — its lowest level since January. Meanwhile, the CBOE Volatility Index (VIX), or “fear gauge,” spiked back to hover near 28 Friday.

The souring in sentiment came after U.S. officials said they estimated Russia had built up around 190,000 military personnel near Ukraine, raising the specter of a near-term attack. And this came a day after President Joe Biden told reporters on Thursday that the threat of a Russian invasion of Ukraine was “very high” in the coming days. Crude oil prices fell Friday morning to pause a recent run-up even as Russia-Ukraine tensions resurged.

“The two things we’re most concerned about right now in terms of headwinds for the market and causes for volatility, are clearly tensions with Russia-Ukraine … and then clearly, our concern over not just inflation but what the monetary policy response to that inflation is going to be,” Art Hogan, National chief market strategist, told Yahoo Finance Live on Thursday. “And those headlines have changed quite a bit too.”

“We’ve gone from thinking the Fed would be very, very deliberate in their actions starting in March and telegraph everything … to having some outliers on the committee talking about being very aggressive, a lot more aggressive than what’s priced into the market,” he added. “Every day the story changes a bit.”

Treasury yields fell further after dropping across the curve on Thursday, with the 10-year yield holding back below 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This came as markets priced in a lower probability of a front-loaded 50 basis-point interest rate hike from the Federal Reserve in March, with investors looking past hawkish commentary from St. Louis Fed President James Bullard calling for a more aggressive path on interest rates.

Other strategists also underscored the dual concerns around Russia and Ukraine and on the Fed for markets in the near-term.

“Really, it’s about Russia and Ukraine, and it’s about the Fed. And on the geopolitical side, I think the challenge for investors is that geopolitical risk is just really hard to weigh,” James Liu, Clearnomics founder and CEO, told Yahoo Finance Live on Thursday. “Our view is that we’re not yet in a situation where it makes sense to make any real portfolio moves based on this. I mean, first of all, diplomatic channels are still open, so the situation is still evolving on a regular basis.”

“The challenge is that even if the worst case scenario were to happen, it’s hard to gauge exactly what the impact long-term would be on the markets,” he added.

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4:00 p.m. ET: US stocks mark second straight losing week amid Russia-Ukraine turmoil

Here were the main moves in markets at the end of Friday’s session:

  • S&P 500 (^GSPC): -31.29 (-0.71{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 4,348.97

  • Dow (^DJI): -232.91 (-0.68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 34,079.12

  • Nasdaq (^IXIC): -168.65 (-1.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 13,548.07

  • Crude (CL=F): -$0.18 (-0.20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $91.58 a barrel

  • Gold (GC=F): -$4.70 (-0.25{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $1,897.30 per ounce

  • 10-year Treasury (^TNX): -4 bps to yield 1.9320{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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10:52 a.m. ET: ‘Underlying inflation appears to be well-anchored’: Evans

Chicago Fed President Charles Evans suggested on Friday that absent pandemic and supply chain disruptions, underlying price pressures were still consistent with the Federal Reserve’s targets and did not warrant an extreme policy response.

“By my reading underlying inflation appears to still be well anchored at levels consistent with the Fed’s average 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} objective,” Evans said during a University of Chicago Booth School of Business conference on Friday.

“I see our current policy situation as likely requiring less ultimate financial restrictiveness compared with past episodes and posing a smaller risk” to economic activity, he added.

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10:02 a.m. ET: Existing home sales post surprise jump in January, inventory sinks to record low

Sales of previously owned homes in the U.S. posted an unexpected jump at the beginning of 2022, reversing declines from the prior month.

Existing home sales rose at a seasonally adjusted annualized rate of 6.5 million in January, according to the National Association of Realtors (NAR). This represented a 6.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} month-on-month increase, following a 3.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} drop in December. Still, sales were down 2.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from the same month last year, when low interest rates stoked demand for purchases.

Housing inventory slid by 16.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over last year to 860,000, marking a record low since NAR began tracking the data in 1999. Tight supplies pushed prices higher, and the median existing-home price rose 15.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over last year to $350,300.

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10:46 a.m. ET: ‘Underlying inflation appears to still be well-anchored: Evans

Chicago Federal Reserve President Charles Evans suggested Friday that the Federal Reserve’s current monetary policy setting was “wrong-footed against the current, sharp increases in inflation,” and suggested price pressures would subside without extreme moves by the Fed.

“I see our current policy situation as likely requiring less ultimate financial restrictiveness compared with past episodes and posing a smaller risk” to economic growth, Evans said during a University of Chicago Booth School of Business conference. He noted that in absence of pandemic and supply chain impacts, “underlying inflation appears to still be well-anchored at levels consistent with the Fed’s average 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} objective.”

Evans’. —

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9:30 a.m. ET: Stocks mixed amid mounting Russia-Ukraine concerns

Here’s where markets were trading shortly after the opening bell:

  • S&P 500 (^GSPC): +4.64 (+0.11{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 4,384.90

  • Dow (^DJI): -43.35 (-0.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 34,258.30

  • Nasdaq (^IXIC): +23.65 (+0.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 13,740.37

  • Crude (CL=F): -$2.53 (-2.76{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $89.23 a barrel

  • Gold (GC=F): -$3.20 (-0.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $1,898.80 per ounce

  • 10-year Treasury (^TNX): -3.2 bps to yield 1.942{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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8:50 a.m. ET: Stocks turn negative as officials signal Russian military build near Ukraine

Stock futures erased earlier gains to trade in negative territory with just over 30 minutes until the opening bell.

Contracts on each of the S&P 500, Dow and Nasdaq turned lower. Investors turned into safe haven assets, and Treasury yields fell as prices were bid higher. The Vix spiked back above 28 after falling below 27 earlier Friday morning.

News that Russia had amassed some 190,000 military personnel near Ukraine contributed to the decline, erasing earlier optimism that diplomatic talks would lead to a deescalation of the tensions in the region. Earlier, the U.S. State Department had said Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Antony Blinken would meet next week.

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7:24 a.m. ET Friday: Stock futures point to a higher open

Here’s where markets were trading Friday morning:

  • S&P 500 futures (ES=F): +21 points (+0.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), to 4,395.50

  • Dow futures (YM=F): +124.00 points (+0.36{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), to 34,355.00

  • Nasdaq futures (NQ=F): +91 points (+0.64{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 14,255.75

  • Crude (CL=F): -$1.92 (-2.09{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $89.84 a barrel

  • Gold (GC=F): -$9.10 (-0.48{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $1,892.90 per ounce

  • 10-year Treasury (^TNX): -0.2 bps to yield 1.972{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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6:10 p.m. ET Thursday: Stock futures extend declines after rout

Here were the main moves in markets Thursday evening:

  • S&P 500 futures (ES=F): -5.25 points (-0.12{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), to 4,369.25

  • Dow futures (YM=F): -24 points (-0.07{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), to 34,207.00

  • Nasdaq futures (NQ=F): -24.75 points (-0.17{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 14,140.00

Photo by: NDZ/STAR MAX/IPx 2022 2/11/22 People walk past the New York Stock Exchange (NYSE) on Wall Street on February 11, 2022 in New York.

Photo by: NDZ/STAR MAX/IPx 2022 2/11/22 People walk past the New York Stock Exchange (NYSE) on Wall Street on February 11, 2022 in New York.

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Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter

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Stocks drop as Russia-Ukraine conflict concerns rise

Stocks drop as Russia-Ukraine conflict concerns rise

Stocks sank Monday afternoon as investors eyed the escalating threat of Russian invasion in Ukraine alongside ongoing concerns over inflation and an aggressive move toward policy tightening by the Federal Reserve.

The S&P 500 dropped to extend losses after last week’s roller-coaster sessions on Thursday and Friday. Treasury yields rose and the 10-year yield hovered back near 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The latest leg lower came after the Wall Street Journal reported the U.S. was closing its embassy in Kyiv and destroying networking and computer equipment, with concerns over a Russian military attack mounting.

Markets have been whipsawed in recent sessions by conflicting signals over the immediacy of a potential Russian invasion of Ukraine. Earlier, Russia’s Foreign Minister Sergey Lavrov said he was urging Russian President Vladimir Putin to continue diplomatic talks. This came less than a day after U.S. officials signaled Russia could be nearing the launch of an invasion of Ukraine as soon as this week. National Security adviser Jake Sullivan told CNN on Sunday that “a major military action could begin by Russia in Ukraine any day now,” though the U.S. was still hoping for a diplomatic resolution. And these remarks in turn came after President Joe Biden held a phone call with Vladimir Putin on Saturday warning that the U.S. and its allies would “impose swift and severe costs” on Russia in the event of a military attack in Ukraine.

Oil prices rose to build on gains after a recent run-up as Russia-Ukraine tensions remained in focus. West Texas intermediate crude oil futures (CL=F) jumped above $95 per barrel for the first time since 2014. U.S. crude prices have already jumped more than 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the year-to-date. Brent crude (BZ=F), the international standard, drifted above $95 per barrel. With oil prices elevated, the S&P 500 energy sector has far outperformed the other major S&P 500 sectors for the year-to-date, climbing more than 26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} versus the broader market’s 7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} drop.

Further upside in energy prices in response to the Russia and Ukraine conflict would depend on the timing of any attack and the contours of any U.S. response toward Russia, one of the world’s key oil exporters, some analysts noted.

“It all comes down to how much of their supply is actually impacted by an invasion, and that’s not entirely clear. There are estimates that are saying crude could go to $120 a barrel if we get an invasion,” Rebecca Babin, CIBC Private Wealth U.S. senior energy trader, told Yahoo Finance Live about Brent crude prices. “I say we top out at probably just around $100 because I do think that there will not be as strict of sanctions as the market fears because ultimately, that hurts the US and our allies almost as much as it hurts Russia.”

For equity markets, however, the geopolitical conflict may compound volatility already stirred up by investors jittery over the potential for the Fed to tighten monetary policy aggressively in the near-term. With inflation running at a 40-year high and the labor market on solid ground, investors are largely expecting the Fed to raise benchmark interest rates between five and seven times this year.

Conflict in Ukraine “could actually build the worst-case scenario for the Fed, in the sense that you could see energy prices move higher, [and] if you start to see gasoline prices go north of $4 per gallon, I think that could crimp consumer spending,” Larry Adam, Raymond James chief investment officer, told Yahoo Finance Live. “And then obviously, if energy prices go higher, that could lead to further inflationary pressures. And that could be a double-edged sword that the Fed could be challenged by.”

Later this week, investors are set to receive another batch of earnings results from companies including Airbnb (ABNB), DoorDash (DASH), Walmart (WMT) and Roku (ROKU). Economic data reports will include the Commerce Department’s January retail sales report, which is likely to show sales rebounded in January after dipping in December.

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2:10 p.m. ET: Stocks sink, Dow drops 400+ points

Here’s where stocks were trading Monday afternoon:

  • S&P 500 (^GSPC): -50.89 (-1.15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 4,367.75

  • Dow (^DJI): -402.1 (-1.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 34,335.96

  • Nasdaq (^IXIC): -113.38 (-0.82{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 13,677.10

  • Crude (CL=F): +$2.01 (+2.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $95.11 a barrel

  • Gold (GC=F): +$30.90 (+1.68{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $1,873.00 per ounce

  • 10-year Treasury (^TNX): +1.6 bps to yield 1.967{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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12:02 p.m. ET: Peloton shares drop as new CEO says pushes back on near-term sale: Financial Times

Shares of Peloton (PTON) dropped Monday after newly installed CEO Barry McCarthy suggested to the Financial Times that a near-term sale of the company was unlikely to occur.

McCarthy, who is moving to New York from California for his new role leading the connected fitness company, told the media outlet, “If I thought it was likely that the business was going to be acquired in the foreseeable future, I can’t imagine it would be a rational act to move across the country.”

The remarks follow weeks of speculation and separate reports that companies including Amazon and Nike were considering purchasing the company. Peloton shares have fallen 5.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the year-to-date and 78{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the past year.

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10:51 a.m. ET: ‘We might have to get used to a protracted period of time where we have uncertainty around Russia’: Strategist

Markets have been whipsawed by emerging headlines around the Russia and Ukraine conflict in the past week — and investors may need to prepare for a more extended period of uncertainty about the geopolitical situation, according to at least one strategist.

“I think it’s a major concern. I don’t think we’re going to war any time soon. I think Russia is going to want to go ahead and essentially dance along with us,” David Tawil, ProChain Capital President, told Yahoo Finance Live on Monday. “And I think there’s the point where we might have to get used to a protracted period of time where we have uncertainty around Russia, around Ukraine, around a lot of commodities for those reasons. Much like COVID, we may have to go ahead and live with this for an extended period of time.”

“That will not be taken well by the markets in the short-term, but I think over the long-term, we will go ahead and digest that and go ahead and move on,” he added.

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9:36 a.m. ET: Gas prices jump to highest level since 2014, adding to inflation woes

Prices for gas at the pump climbed to a fresh seven-year high, according to new data from AAA, in another sign of inflationary pressures hitting consumers’ wallets across the country.

The average price for a gallon of gas increased to $3.488 as of Monday, AAA said. According to Bloomberg historical data, this marked the highest level since August 2014. The rise has tracked an extended jump in crude oil prices, with energy supply concerns rising alongside mounting tensions between Russia and Ukraine.

In the comparable year-ago period, the average price a gallon of gas was a $2.505 nationally. A month ago, the price was $3.306.

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9:31 a.m. ET: Stocks open lower amid geopolitical tensions

Here were the main moves in markets just after the opening bell Monday morning:

  • S&P 500 (^GSPC): -3.76 (-0.09{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 4,414.88

  • Dow (^DJI): -22.10 (-0.06{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 34,715.96

  • Nasdaq (^IXIC): -22.54 (-0.24{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 13,758.22

  • Crude (CL=F): -$0.70 (-0.75{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $92.40 a barrel

  • Gold (GC=F): +$21.80 (+1.18{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $1,863.90 per ounce

  • 10-year Treasury (^TNX): +3 bps to yield 1.981{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

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7:33 a.m. ET Monday: Stock futures extend gains, led by tech

Here were the main moves in markets as of Monday morning:

  • S&P 500 futures (ES=F): -40 points (-0.91{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), to 4,369.50

  • Dow futures (YM=F): -272 points (-0.79{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), to 34,355.00

  • Nasdaq futures (NQ=F): -164 points (-1.15{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to 14,076.50

  • Crude (CL=F): -$0.26 (-0.28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $92.84 a barrel

  • Gold (GC=F): +$16.20 (+0.88{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) to $1,858.30 per ounce

  • 10-year Treasury (^TNX): -1.6 bps to yield 1.935{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

Photo by: NDZ/STAR MAX/IPx 2022 2/11/22 People walk past the New York Stock Exchange (NYSE) on Wall Street on February 11, 2022 in New York.

Photo by: NDZ/STAR MAX/IPx 2022 2/11/22 People walk past the New York Stock Exchange (NYSE) on Wall Street on February 11, 2022 in New York.

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Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter

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