Stock market today, bitcoin prices bounce, Russia-Ukraine tensions: LIVE UPDATES

Stocks open higher as investors monitor Russia-Ukraine tensions

Symbol Price Change %Change
I:DJI $33,562.83 -33.78 -0.10%
SP500 $4,305.06 +0.30 +0.01%
I:COMP $13,373.63 -7.89 -0.06%

U.S. stocks opened
in the green on Wednesday as investors continue to monitor the situation between Russia and the Ukraine.

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Lowe’s raises full-year forecast as home improvement demand holds steady

U.S. home improvement chain Lowe’s Cos Inc lifted its full-year sales and profit forecast on Wednesday, as home improvement retailers benefit from resilient demand for tools and building materials.

Lowe’s shares, which fell nearly 4% on Tuesday following the profit margin warning from larger rival Home Depot, rose 2.6% in premarket trading.

The surge in spending on do-it-yourself home projects seen during the early stages of the pandemic has so far held up better than feared even as restrictions ease, while builders and handymen are upgrading their toolkits to complete a backlog of delayed projects.

Stock futures attempt rebound as traders examine sanctions on Russia

U.S. equity futures attempted to rebound Wednesday morning from the prior session’s plunge on anxiety over Russian President Vladimir Putin’s authorization to send soldiers into eastern Ukraine. Continue reading

Bitcoin price remains volatile trading above $38,000

Investors continued to monitor the escalating tensions on the Russia-Ukraine border. 

In a rare move Tuesday, while stocks fell drastically, bitcoin
 and other crypto bucked the trend and actually gained, although trading bounced between gains and losses during overnight hours. Continue reading

S&P 500’s correction could deepen if Ukraine-Russia crisis escalates

An armed clash between Ukraine and Russia, coupled with punishing sanctions for Moscow, could push U.S. stocks toward another major loss, according to Goldman Sachs economists.

The S&P 500 entered correction territory Tuesday, down 10% from its last peak, as investors weighed the conflict and fresh U.S. and U.K. sanctions on Russia. For the year, it’s down over 9%.  Continue reading

Read More: Stock market today, bitcoin prices bounce, Russia-Ukraine tensions: LIVE UPDATES

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