Stocks recoup losses, dollar and oil cut gains as Biden deals with Russia’s invasion of Ukraine

NEW YORK (Reuters) – Stocks pared losses and dollar and oil futures pared gains as US President Joe Biden vowed to impose tough sanctions on Russia over its invasion of Ukraine and said the United States was working with oil producers to secure global energy supplies. .

Biden said US forces would not fight in Ukraine but would allow additional troops to go to Germany. The sanctions mentioned included Russian banks and technology imports. Read more

MSCI’s benchmark for stocks worldwide (.MIWD00000PUS.) The latest drop was 1.18%, after earlier touching its lowest level since March 2021. Dow Jones Industrial Average (.DJI) The index fell 238.15 points, or 0.72%, to 3,2893.61 Standard & Poor’s 500 (.SPX) It rose 13.48 points, or 0.32%, to 4,238.98 points, and the Nasdaq Composite (nineteenth) It added 247.52 points, or 1.9%, to 13,285.00 points.

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US crude closed up 0.77 percent at $92.81 a barrel, but it is much lower than the session’s high of $100.54, and Brent crude at $99.10, up 2.3 percent compared to the session’s highest level at $105.79.

A trader works at the Frankfurt Stock Exchange in Frankfurt, Germany, February 22, 2022. REUTERS/Tim Reichert

The dollar index was 0.913%, with the euro slipping 1.01% to $1.1195. Earlier, the dollar rose 1.62% against a basket of major currencies. = US dollar

The Russian ruble also pared its losses, with the dollar last rising 4.7% at 84.967. The ruble hit a record low of 89.9855 against the dollar late on Wednesday. Read more

The benchmark 10-year bond recently rose 9/32 in price to 1.9477% from 1.977% late Wednesday. The price of the 30-year bond has risen in the past 7/32 to 2.2644% from 2.275%. The price of the two-year bond has risen in the past 5/32 to produce 1.5179% from 1.6%.

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Spot gold fell 1.1% to $1,887.00 an ounce, after earlier rising to $1,973.96.

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(Reporting by Sinead Caro) Editing by Kirsten Donovan

Our criteria: Thomson Reuters Trust Principles.

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