Stocks drop for the day, week: MARKET REVIEW

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Warren Buffett brings a rare clarification to the report

symbol Price Change %Change
ATVI $81.05 +0.08 +0.10%
MSFT $287.93 -2.80 -0.96%

Warren Buffett was unhappy with a report and it set the record straight.

Stocks drop for the day and week

symbol Price Change %Change
TO SPY $434.31 -2.77 -0.63%
QQQ $341.51 -3.94 -1.14%
IYY $107.10 -0.81 -0.75%

US stocks end the week volatile and down.

New York Federal Reserve Chairman John Williams Talks March Rate Hike

symbol Price Change %Change
TO SPY $435.47 -1.61 -0.37%

Prepared Notes reviewed by FOX Business:

“But with the strength of the current economy and inflation well above our long-term target of 2%, it is time to begin to gradually bring the target range back to more normal levels. In particular, I believe that “it will be appropriate to increase the target range at our next meeting in March. Once interest rate increases are underway, the next step will be to begin the process of steadily and predictably reducing our holdings of Treasuries and in mortgage-backed securities, which had risen significantly due to purchases that began in March 2020. Last month, the FOMC issued a set of principles that will guide this process.3 Assuming the economy grows roughly as I anticipate, I expect this process to begin later this year,” Williams said.

Roku stocks are getting ripped off

Roku’s stock is on the verge of its worst percentage drop in history.

Midday Market Check

Afternoon selling picks up speed for US stocks

Bitcoin ETF Verification

symbol Price Change %Change
BITO $25.27 -0.44 -1.72%
BITQ $16.00 -0.36 -2.21%
GCC $22.81 0.00 0.00%

Bitcoin’s fall weighs on exchange-traded funds…

Bitcoin breaks below the $40,000 level

Bitcoin is battered with stocks as investors shy away from riskier assets

US Inventory Check

symbol Price Change %Change
TO SPY $434.69 -2.39 -0.55%
QQQ $342.10 -3.35 -0.97%
IYY $107.39 -0.56 -0.52%

US stocks slip slightly…

Stocks and oil slide amid uncertainty between Russia and Ukraine

Investors continue to be cautious about US equities as tensions between Russia and Ukraine mount.

Stock futures were little changed, oil retreats

U.S. stock futures were little changed on Friday as investors closely watched growing concerns over the possibility of Russia invading Ukraine.

Oil fell to the level of $90 a barrel.

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Deere raises earnings view on price hikes and strong demand for agricultural equipment

Deere & Co raised its full-year profit forecast on Friday, as the world’s largest farm equipment maker expects margins to rise on higher prices and strong demand for its tractors and combines.

Record grain prices have put more money in farmers’ pockets and prompted them to increase investment in farm machinery amid a tight labor market. The U.S. Department of Agriculture estimated that net farm income would have increased 25% to $23.9 billion in 2021.

Deere has raised prices to combat rising shipping and supply chain costs, but that hasn’t deterred demand, with the company’s North American order books full for most of its large agricultural equipment in 2022.

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Roku shares plunge in premarket after revenue misses on supply chain issues

Roku Inc. on Thursday reported quarterly revenue that missed estimates as the company was hit by supply chain issues that affected sales of TVs and its own streaming devices.

Roku said it expects revenue of $720 million in the current quarter, versus analyst estimates of $748.5 million, according to IBES data from Refinitiv.

The company said customer acquisition would remain a priority and would not pass on higher costs to customers. Roku’s gross margins fell about 3% in the quarter under review.

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Stock futures are up on hopes that diplomacy will ease tensions between Russia and Ukraine

U.S. stock futures traded higher on Friday, paring losses from Thursday’s plunge on growing concerns over the possibility of Russia invading Ukraine.

The major futures indices suggest a 0.5% gain when the opening bell rings. continue reading

Bitcoin Price Recovers From Thursday’s Plunge

Bitcoin was trying to pare losses from the previous day, trading Friday morning above $40,000.

Bitcoin took a hit of more than 7% on Thursday as markets reacted to concerns over a possible Russian invasion of Ukraine. This is the largest percentage drop since January 21, when it fell more than 11%. continue reading

Gold hits nine-month high on Russia and Ukraine

Nervous investors spooked by a Russian-Ukrainian conflict charged into gold on Thursday, pushing the price to a level not seen since June 2021: $1,900.70 and the upward momentum may continue, helping the SPDR Gold ETF. Continue reading

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