Wall Street Trends Higher as Investors Watch Russia’s Invasion of Ukraine; oil prices fall

In New York, the Dow Jones Industrial Average gained 238 points or 0.7% to 34,129, while the S&P 500 rose 0.6% and the tech-heavy Nasdaq Composite gained 0.3%.

10:08 am: Proactive titles in North America:

Altiplano Metals provides an update on exploration activities at its newly optioned Pastillas gold project in Chile

Silver Range Resources (AIM:RRL, ASX:RRS) Says It Sampled High-Grade Gold and Silver on the Bellehelen Property in Nevada

Dalrada Corporation announces the appointment of Tom Giles as President of its new division, Dalrada Energy Services

Love Pharma (CSE:LUV) Says Acquisition Target Microdoz Therapy is Working on New Study of Psilocybin Treatment in Cannabis Use Disorder

Looking Glass Labs Says House of Kibaa Subsidiary Partners with Polygon Studios on NFTs, Scaling, and Other Infrastructure Solutions

AIM ImmunoTech Announces Appointment of Robert Dickey IV as Chief Financial Officer

Skye Bioscience Partners with Novatech Heath Holdings for Phase I Trial of Glaucoma Drug Candidate

Victory Resources Advances Smokey Lithium Drilling Program in Nevada

Wishpond Technologies Announces the Launch of a New Email Marketing Platform

Sassy Resources (CSE:SASY, OTCQB:SSYRF) Expands Westmore Gold and Silver Discovery with “Highest Grades to Date” at Its Foremore Project in British Columbia

CULT Food Science Announces Inclusion in NYSE Listed Index Fund VegTech

SpotLite360 Signs Definitive Agreement to Acquire Majority Stake in E3 Service Group

Great Panther Mining says it is on track to bring flagship Tucano mine back to stable production in 2022, Q4 results report

Golden Minerals Obtains More High-Grade Gold and Silver at Yoquivo Project in Mexico

Cabral Gold Adds Fifth Drill Rig to Cuiú Cuiú Project to Test Regional Targets

Hannam & Partners Raises Steppe Gold Price Target Following Announcement of Resumption of Full Gold Production from Its ATO Project in Mongolia

TraceSafe Unveils Strategic Initiatives in Energy Management and Decarbonization as a Service

Canada Silver Cobalt Works Discovers Nickel, Copper and Cobalt Mineralization While Drilling on the Graal Property, Quebec

Wellbeing Digital Sciences (NEO:MEDI.AQN, OTCQB:KONEF) Says IRP Health Affiliate Gets Veterans Affairs Canada Approval for Reactivation Program

Whitehorse Gold appoints Alex Zhang, a professional geoscientist, as director; reveals the change of chairman of its board of directors

10 a.m.: Gathering of actions at the opening

U.S. stocks edged higher at the open on Thursday as oil prices stabilized, falling from record lows, as investors closely watched developments in Russia to gauge the impact on inflation and an expected rise in Federal Reserve interest rate.

In New York, the Dow Jones Industrial Average gained 238 points or 0.7% to 34,129, while the S&P 500 rose 0.6% and the tech-heavy Nasdaq Composite gained 0.3%.

US crude oil prices had crossed $115 a barrel for the first time since 2008 before falling to $108.31 a barrel.

Among the early winners were Apple, American Express and Amgen, all up more than 1.5% and boosting the markets.

On the corporate front, shares of Best Buy soared 8% after the company hit its quarterly earnings expectations, while Kroger jumped 10% after earnings.

Last week’s jobless claims totaled 215,000 on Thursday, a figure lower than estimates. Claims were down 18,000 from the previous week and the lowest since January 1. Nonfarm productivity rose to 6.6% in the fourth quarter.

6:30 am: Stock seen lower

U.S. stocks are set to edge lower at the open of trade on Thursday as oil prices continue to climb as Russia’s invasion of Ukraine intensifies, with commodity price hikes likely to have an impact on inflation and the Federal Reserve’s monetary policy.

After triple-digit gains in the previous session, Dow Jones Industrial Average futures fell 0.2% on Thursday, while those for the S&P 500 lost 0.1% and Nasdaq-100 contracts, loaded with technology, lost 0.4%.

Crude oil prices jumped above $115 a barrel for the first time since 2008 as the purchase of Russian oil was avoided, reducing global supply. Investors fear that a prolonged rise in oil prices could precede a combination of slowing growth and rising inflation, known as stagflation.

Investors worry about how this will affect already high levels of inflation and how aggressively central banks will raise interest rates in the face of additional price pressures and an uncertain economic outlook. .

Federal Reserve Chairman Jerome Powell said in congressional testimony on Wednesday that he would propose a quarter-percentage-point rate hike at the central bank’s meeting in two weeks.

On the data front, the latest initial weekly US unemployment numbers will be observed today, albeit primarily as a pointer to Friday’s still key monthly nonfarm payrolls report.

Edward N. Arrington