Stock volatility remains elevated as investors kick off the month of March.
Benchmark U.S. crude crossed the $105 per barrel level early Tuesday, with Brent Crude above $100. The U.S. and its allies announced a release of 60 million barrels of oil from global stockpiles, with 30 million coming from America.
In earnings news, Target shares jumped after the retailer boosted its profit and sales forecast for 2022 after posting an 8.9% jump in same-store sales while noting 95% of fourth-quarter sales took place in stores. This follows Walmart's solid forecast last month. Kohl's also lifted 2022 projections, those shares rose as well.
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