Here are the top news, trends and analysis that investors need to start their trading day:
Traders at the New York Stock Exchange, March 8, 2022.
Dow futures rose Nearly 300 points, or roughly 1%, on Friday. S&P and Nasdaq futures jumped about 1% and 1.2%, respectively, on hopes for progress in ceasefire talks between Russia and Ukraine. However, some of these gains from earlier in the pre-market session have faded away. The 10-year treasury bond yield I was retains about 2%. Oil prices in the United States turned down to about $106 a barrel.
Just before 6:30 a.m., Reuters sent out a brief bulletin quoting the Russian president Russian President Vladimir Putin He said there were “certain positive developments” in the talks. As of Thursday’s low closingThe Dow Jones Industrial AverageThe Standard & Poor’s 500 and the Nasdaq They are all heading for another losing week. West Texas Intermediate Crudethe US oil benchmark, has been tracking a two-week winning streak.
Firefighters spray water on a destroyed shoe factory following an air strike in Dnipro on March 11, 2022.
Emre Kaylac | AFP | Getty Images
Investors are also trying measure honesty From Putin’s reported comments, Russia Expanded its military offensive In Ukraine, Friday, he hit near the airports in the west of the country for the first time. New satellite images show that a large Russian convoy approaching Kyiv has been redeployed to towns and forests outside the city, indicating a renewed push to put pressure on the Ukrainian capital. There is also growing anger after a deadly air strike hit a maternity hospital in the Ukrainian port city of Mariupol.
US President Joe Biden holds a virtual meeting with business leaders and state governors to discuss supply chain issues, particularly semiconductor wafer processing, on the White House campus in Washington, March 9, 2022.
Jonathan Ernst | Reuters
With the invasion now entering its third week, the United States and its allies are preparing to intensify their efforts to isolate and punish Russia. According to media reports, Mr. President, Joe Biden On Friday, along with the European Union and the Group of Seven, Will move to cancel The most favorable business situation in Russia. Stripping Russia of its favored status clears the way for the United States and its allies to impose tariffs on a wide range of Russian goods. On Tuesday, Biden imposed a ban on Russian energy imports.
Laboratory technicians test wastewater samples from across the United States for coronavirus disease (COVID-19) at Biobot Analytics, in Cambridge, Massachusetts, February 22, 2022.
Alison’s dinner | Reuters
Friday marks two years Since COVID was declared a pandemic on March 11, 2020. Since the novel coronavirus was discovered in China in 2019, there have been more than 450 million global infections and more than 6 million deaths, with more than 15% of each in the United States, according to the Johns Hopkins University data. Although the raging wave of omicron cases has abated and more than 250 million people in the United States have received at least one dose of the Covid vaccine, According to the Center for Disease Control and PreventionUS health officials warn against complacency.
An all-electric Ford F-150 Lightning truck is shown during an augmented reality display at the Motor Bella Auto Show in Pontiac, Michigan, on Tuesday, Sept. 21, 2021.
Emily El Kunin | Bloomberg | Getty Images
stronghold will cooperate with Pacific Gas and Electric Company in California to evaluate the bi-directional charging capabilities of the F-150 Lightning electric vehicle to power homes and return power to the power grid. Ford CEO Jim Farley and PG&E CEO Patti Poppe announced the plans Thursday night at the CERAWeek Energy Conference in Texas. This announcement comes two days after Poppe announced a beta program with general motors To make its electric vehicles capable of powering the house in the event of a power outage or network outage.
CNBC correspondents Maggie FitzgeraldAnd the Samantha SobinAnd the Hana MiuAnd the Vicki McIverAnd the Holly Eliat And the Michael Wayland Contribute to this report. So did the Associated Press and Reuters.
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