Stocks sink, oil hits $92 as Biden sticks Russia with sanctions
"Indeed, a full-scale invasion of Ukraine by Russia will leave many central banks with itchy hiking trigger fingers in a quandary," Jeffrey Halley of Oanda said in a report.
"The immediate impact would be an exacerbation of the rampant inflationary pressures globally as oil hits $130.00+ a barrel."In the U.S., the reporting season continued with Home Depot revenue of $35.72 exceeding estimates, while same-store sales rose 8.1% and U.S. sales alone rose 7.6%. Still, shares fell as the retailer warned of supply-chain challenges. Rival Lowe's reports Wednesday.
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