1 Minute Daily Stock Market Update - Wednesday, Feb 23, 2022

It was a very tragic day on Wednesday when Russia invaded Ukraine and the stock market responded very negatively. The NASDAQ down 2.6%, S&P down 1.8%. Led by consumer discretionary falling 3.6%, tech down 2.5%, industrials down 1.8%. Energy up 1.1%, oil prices up above $92.
Wheat futures up 3.6%, Soybean futures up 3.3%. Overstock, the online discount furniture retailer, is up 23% on earnings, benefitting from the explosion of e-commerce, real estate prices, and more cost-conscientious consumers. LVMH, the global luxury brand, has been reported to be in talks to buy Ralph Lauren; Ralph Lauren is up 17% in the last month.
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