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Last Updated, Feb 22, 2022, 2:40 PM
DWAC, Virgin Galactic, Exxon Mobil, DraftKings: What to Watch in the Stock Market Today


Wall Street stocks fell in morning trading after Russian President Vladimir Putin ordered the deployment of troops to contested regions of Ukraine. Here’s what we’re watching in Tuesday’s trading:

  • Crude prices are up, hovering below $100 a barrel, and energy stocks are benefiting. Shares of Devon Energy , Exxon Mobil , Hess and Occidental Petroleum were all up. Oil-services companies Halliburton and Baker Hughes benefited as well, as did pipeline operator Williams Cos .
  • SoFi Technologies is buying banking-software maker Technisys for about $1.1 billion, the latest in a string of deals designed to transform the lender into a one-stop financial shop.
  • Shares of Digital World Acquisition Corp . , the blank-check company that is merging with Donald Trump’s social-media venture, were up in early trading. The platform, Truth Social, has gone live in the U.S., but some would-be users reported being unable to create an account or received error messages when trying to do so. Others were prompted to join a wait list.
  • Home Depot logged faster-than-expected sales growth in the three months through January and raised its dividend.
  • Macy’s reported earnings that beat forecasts and also lifted its dividend.
  • Major technology stocks were down, including Apple , Tesla , Microsoft , Alphabet and Meta Platforms .

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