The U.S. government announced a ban on the import of Russian oil and natural gas. New York oil futures soared 7%, approaching $130, and continued to be one of the factors entangled in the market.
The Dow performed repeatedly on Tuesday. It fell by more than 200 points and then rose nearly 600 points. It closed down another 184 points and fell for four consecutive days.
The Dow Jones index closed at 32,632 points, down 184 points or 0.56%; the S&P 500 closed at 4,170 points, down 30 points or 0.72%; the Nasdaq index closed at 12,795 points, down 35 points or 0.28%.
High oil prices boosted energy stocks, with Chevron up 5.24% and Enphase Energy up 10.82%.
Aviation-related stocks also performed well on the same day, Boeing rose 2.74%, Delta Airlines rose 3.69%, United Airlines rose 3.32%.
In addition, Catepillar rose 6.76%.
Pharmaceutical stocks performed poorly, with Amgen down 1.39% and Procter & Gamble down 3.96%.
Coca-Cola suspends business in Russia, down 3.96%; McDonald's, which closed its branches in Russia, fell 0.69%.
In terms of major technology stocks, Apple exhibited its latest iPhone SE and other products at its spring conference, and its shares fell 1.17%.
Tesla rose 2.46%, Microsoft fell 1.1%, NVIDIA rose 0.76%, Amazon fell 1.05%, Alphabet rose 0.64%, and Meta rose 1.5%.
Russia-Ukraine stalemate The Dow once fell 800 points and the Nasdaq entered the technical adjustment zone. US billionaire investors: financial markets reacted to the conflict between Russia and Ukraine. Excessive inflation is the big problem