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Market check: Financial stocks lag, WTI crude oil futures soar above $100/barrel

In this article:
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Yahoo Finance's Ines Ferre discusses the moves in financial stocks, Treasury yields, and commodities like oil and gold.

Video Transcript

- We're awaiting some manufacturing numbers, and we got some manufacturing numbers from Markit. Markit Manufacturing Purchasing Managers' Index coming in at 57.3 after the initial flash reading for that index of 57.5. This is for February, and we're awaiting the same figures from the Institute for Supply Management, just another organization that tracks it. Their numbers coming out at 58.6 for February. That is better than estimated.

Prices paid coming in lower than expectations at 75.6. 77.5 was the expectation there and also ticking down from the prior month. Very interesting there. New orders stronger than estimated, and unemployment coming in a little weaker than estimated. So interesting on the prices paid in particular-- a little bit lower than had been expected.

You see stocks right now looking a little mixed. The NASDAQ peeking into the green just barely. We've got energy in the pole position today leading gains, and financials, big banks, doing pretty lousy today. We're going to get more details from that-- on that in just a moment from our Ines Ferre. And also coming up we're going to chat with JP Morgan's head of emerging market economics and commodities research on the economic impact of what is going on in Russia, not only to that nation specifically but the ripple effect. We'll be right back.