Oil jumps after Russia sanctions; stocks, US yields rise

Core Insights - Oil prices surged over 5% following U.S. sanctions on major Russian companies due to the Ukraine conflict, while stock indexes rose as energy shares in the U.S. and Europe offset weak earnings reports [1][2]. Group 1: Sanctions and Market Reaction - The U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil, with the European Union also approving a 19th package of sanctions that includes a ban on Russian liquefied natural gas imports [2]. - The market responded positively to the sanctions, particularly in the energy sector, which saw significant gains [4]. Group 2: Stock Market Performance - The Dow Jones Industrial Average increased by 185.84 points (0.39%) to 46,774.16, the S&P 500 rose by 47.28 points (0.70%) to 6,746.56, and the Nasdaq Composite gained 239.21 points (1.05%) to 22,979.60 [5]. - The pan-European STOXX 600 index closed at a record high, advancing 0.37% to 574.43 points, driven by energy stock gains [6]. Group 3: Company Earnings - Positive earnings reports supported stock performance, with Honeywell's shares rising 7.6% after the company raised its 2025 profit forecast [3]. - Conversely, IBM's shares fell 1.2% due to a slowdown in growth in its key cloud software segment [3]. Group 4: Oil Market Focus - U.S. crude oil prices increased by 5.6% to settle at $61.79 per barrel, while Brent crude rose by 5.34% to $65.93 [8].