Oil jumps after Russia sanctions; stocks, US yields inch higher

Core Insights - Oil prices surged approximately 5% following the imposition of sanctions on major Russian companies, specifically Rosneft and Lukoil, due to the ongoing Ukraine conflict [1][2][7] - Major stock indexes experienced slight gains, driven by the energy sector's performance, which rose by 1.2% on the S&P 500 index [2][4] - Positive earnings reports contributed to stock market support, although some companies like IBM and Tesla faced declines due to slower growth and profit misses, respectively [3][4] Oil Market - U.S. crude oil prices increased by 5.2% to $61.54 per barrel, while Brent crude rose by 4.89% to $65.65 per barrel [7] - The European Union approved a 19th package of sanctions against Russia, which included a ban on Russian liquefied natural gas imports [7] Stock Market Performance - The Dow Jones Industrial Average rose by 15.86 points (0.03%) to 46,606.27, the S&P 500 climbed by 20.19 points (0.30%) to 6,719.59, and the Nasdaq Composite advanced by 111.44 points (0.49%) to 22,851.83 [5] - The MSCI global stock gauge increased by 2.24 points (0.23%) to 993.01, while the pan-European STOXX 600 index rose by 0.35% [5] Treasury Yields - The benchmark U.S. 10-year Treasury note yield rose by 3.3 basis points to 3.986%, reaching a session high of 3.997% [8]