Stocks Up, Fear Down As War Continues In Ukraine

Stocks Up, Fear Down As War Continues In Ukraine

Generally, stocks are initially put under pressure before conflict breaks out, but then they tend to recover between three and six months later.

Date:

Wall Street capped a turbulent week of trading Friday with a broad rally for stocks as relief flowed through the market, even as deadly attacks raged in Ukraine. Oil fell and investors turned away from gold and other traditional havens they favor when fear is high.

The S&P 500 climbed 2.2% and notched its first weekly gain in three weeks. The benchmark index was following up on a wild Thursday when it careened from a 2.6% loss to a gain of 1.5%. Stocks have swung sharply with uncertainty about how much Russia’s invasion will push up inflation, particularly oil and natural gas prices, and drag on the global economy.

Such big swings are likely to continue, with so much uncertainty not only about Ukraine but also about interest rates. The Federal Reserve is caught in a delicate dance where it has to raise interest rates enough to rein in high inflation but not so much as to cause a recession.

The S&P 500 rose 95.95 points to 4,384.65. The Dow Jones Industrial Average rose 834.92 points, or 2.5%, to 34,058.75. The Nasdaq composite gained 221.04 points, or 1.6%, to 13,694.62 after swinging between modest gains and losses. A day earlier, it briefly fell more than 20% below its record high, before roaring back suddenly.

SourceDN News
Stanford Nix
Stanford Nixhttp://theatlasnews.co
Stanford Nix is the Chief Operating Officer of Atlas News. Stanford holds a BBA in entrepreneurship with a minor in political science, and an MBA in finance. His favorite TV show is succession.
- Sponsor -spot_img
- Sponsor -spot_img

Week's Top Stories

More In This Category
Related

Japan Air Self Defense Force Report First Appearance of WZ-10 Drone in East China Sea

On May 27th, the Japanese Air Self-Defense Force (JASDF)...

Baltic Sea States Scramble as Russia Moves to Alter Borders

The Announcement At approximately 0730 EST on May 21st, 2024,...

Five Dead Following Militant Attack on Mourdiah Military Post, Mali

  A Macina Liberation Front (MLF) attack on a Malian...

Kenya’s Haiti Deployment Delayed After Having Already Started

As the first large deployment of Kenyan police officers...