US stocks ended mostly higher Friday after the European Union and the United States unveiled a deal to supply Europe with more US liquefied natural gas to help reduce dependency on Russia.
RUSSIA INVADES UKRAINE: LIVE UPDATES
|I:DJI||DOW JONES AVERAGE||34861.24||+153.30||+0.44%|
|I:COMP||NASDAQ COMPOSITE INDEX||14169.299853||-22.54||-0.16%|
The Dow Jones Industrial Average rose over 153 points or 0.44%, while S&P 500 gained 0.5%. The Nasdaq Composite ended marginally lower. All three of the major averages rose for the week.
President Biden said more sanctions were meant to “increase the pain” on Russian President Vladimir Putin. But the leaders released no details of possible new penalties.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Nat gas closed around $5.57 level, while US oil prices slipped to the $113.90 level. Brent, the global benchmark, fell to $120.65. For the week, crude rose over 10%.
|UNG||UNITED STATES NATURAL GAS FUND LP UNIT (POST REV SPLIT)||19.49||+0.51||+2.69%|
|USO||UNITED STATES OIL FUND LP||80.77||+1.02||+1.28%|
|BNO||UNITED STS BRENT OIL FD LP UNIT||33.15||+0.56||+1.72%|
Gas prices hovered at $4.24 per barrel.
In stocks, marijuana companies jumped after the Senate passed a bill to expand scientific and medical research on marijuana and its compounds, including cannabidiol.
|TLRY||Tilray Brands Inc.||8.56||+1.59||+22.81%|
|CRON||CRONOS GROUP INC.||4.25||+0.26||+6.52%|
|ACB||AURORA CANNABIS INC.||4.46||+0.42||+10.40%|
|SNDL||SUNDIAL GROWERS INC.||0.81||+0.07||+8.86%|
Bed Bath & Beyond shares rose after announcing a “cooperation deal” with Chewy founder Ryan Cohen’s RC Ventures, which owns 9.8% of company shares. Three of the firm’s members will join the Board of Directors. Cohen has called out CEO Mark Tritton for poor leadership and high compensation.
|BBBY||BED BATH & BEYOND INC.||22.59||+0.49||+2.22%|
Chinese ADRs under pressure after a US accounting board said it continues to press companies for information from auditors.
|DIDI||DIDI GLOBAL INC||3.27||-0.53||-13.95%|
|BABA||ALIBABA GROUP HOLDING LTD.||113.02||-2.14||-1.86%|
In economic reports:
The University of Michigan’s final index of consumer sentiment for March dropped to 59.4 a reading below 60 suggest contraction and the lowest in 11 years.
US DURABLE GOODS ORDERS SLIP IN FEBRUARY, MARKING FIRST DECLINE IN 5 MONTHS
The National Association of Realtors index of pending home sales for February fell 4.1%. Economists surveyed by Refinitiv are looking for an increase of 1%, following a surprise decline of 5.7% in January attributed to low inventory and rising borrowing costs.
CLICK HERE FOR FOX BUSINESS’ REAL-TIME CRYPTOCURRENCY PRICING DATA
In cryptocurrencies, Bitcoin hit the $44,000 level.
FOX Business’ Ken Martin and The Associated Press contributed to this report.