All the Dow’s stocks are falling

Salesforce and Walt Disney hit

All 30 Dow Jones Industrial Average DJIA, -2.79% component stocks are falling in Monday’s premarket, with Dow futures YM00, -2.71% pointing toward a third-straight decline of more than 500 points as inflation fears continue to fuel the selloff.

The Dow’s biggest percentage decliners ahead of the open are shares of Salesforce Inc. CRM, -6.96%, down 3.6%, and Walt Disney Co. DIS, -3.71%, down 3.2%. The biggest drags on the Dow, which is a price-weighted index, are shares of UnitedHealth Group Inc. UNH, -3.08%, Home Depot Inc. HD, -2.10% and Goldman Sachs Group Inc. GS, -1.29%, of which the combined implied price declines would shave a total of about 144 points off the Dow’s price. Dow futures were down 525 points, or 1.7%, which follows Dow drops of 880 points on Friday, 638 points on Thursday and 269 points on Wednesday.

Wall Street rallies on hopes Russia, Ukraine can resolve conflict

Prices eased for oil and other commodities

U.S. stocks rose on Tuesday, with the Dow and S&P notching their fourth straight session of gains, on optimism some progress was being made toward a deal to resolve the conflict between Russia and Ukraine.

Russia pledged to cut down on military operations around Kyiv and in northern Ukraine, while Ukraine proposed adopting a neutral status, the first sign of progress toward peace in weeks.

Prices eased for oil and other commodities, helping calm concerns about rising inflation and the path of monetary policy by the Federal Reserve, which has started hiking interest rates to combat rising prices.

Dow rises 646 points

 Markets shake off Omicron fears

U.S. markets surged on Monday as investors shook off concerns about the Omicron COVID-19 variant. The Dow Jones Industrial Average gained 646.95 points, or 1.87%, while the S&P 500 rose 1.17% and the Nasdaq Composite closed the day up 0.93% after all three indexes closed lower on Friday.

Travel and hospitality stocks helped to lead the rise amid positive sentiment surrounding virus fears as United Airlines, American Airlines, Carnival Cruise Line and Royal Caribbean all rose about 8%. Shares of Wynn resorts also gained 6.01%, while Marriott rose 4.48% and Hilton gained 4.01%. Meanwhile, Expedia stock gained 6.74% and Booking Holdings increased 5.34%.

Other stocks that would benefit from economic reopening, such as energy and industrials, also got a boost with Boeing gaining 3.72%, General Electric rising 3.54%, Caterpillar increasing 1.76% and Chevron climbing 1.59%. The market turnaround came after Dr. Anthony Fauci on Sunday indicated that infections from the Omicron variant may not be more severe than those caused by other variants.

S&P, Dow surge to record highs after strong jobs report

The U.S. economy added 916,000 jobs in March

U.S. equity markets raced to all-time highs Monday as traders celebrated the stronger-than-expected March jobs report. The Dow Jones Industrial Average climbed 372 points, or 1.12%, while the S&P 500 and the Nasdaq Composite advanced 1.44% and 1.67%, respectively. The gains ran both the Dow and the S&P 500 to fresh record highs.

The U.S. economy added 916,000 jobs in March as the service sector continued to see growth amid the reopening of the economy, the Labor Department said Friday. Additionally, the unemployment rate fell to 6%, the lowest since the onset of the COVID-19 pandemic. Markets were closed on Friday in observance of Good Friday.

Looking at stocks, Alphabet Inc.’s Google unit scored a major victory over Oracle Corp. in a copyright dispute after the U.S. Supreme Court overturned a lower court’s ruling, finding that the former’s use of the latter’s software code in its Android operating system constituted fair use. The ruling means Google will not have to pay potentially as much as $30 billion in damages, Reuters reported, citing two people with knowledge of the situation.