Closing Bell: Stocks sink as oil spikes, CME Group’s CEO on wild swings in commodity prices, and Petco’s CEO on whether the pet industry is inflation-proof. 3/23/22

Stocks closing near session lows as oil prices jump to nearly $115. Cannacord Chief Market Strategist Tony Dwyer explains why he thinks investors should be buying stocks on bouts of weakness. CME Group Chairman & CEO Terry Duffy on the recent volatility in commodity prices and his exchange launching new crypto products. And Petco’s CEO discusses whether customers are still spending big bucks on their pets despite the spike in inflation.