The Dow averted a correction, reversing an 800-point drop to end in the green. Tech stocks, which started the day in bear-market territory, ...
Stocks staged a massive comeback on Thursday afternoon, after falling sharply early in the morning after Russia invaded Ukraine. Stocks Fought Off Huge Losses After Russia Attacked Ukraine. Here’s What Else Happened in the Stock Market Today. - Order Reprints
Here are the most important news, trends and analysis that investors need to start their trading day: Wall Street set to sink after Russia's invasion of ...
NATO will "further increase our presence in the eastern part of the alliance" in the coming days and weeks, Secretary-General Jens Stoltenberg said Thursday. U.S. President Joe Biden is expected to address the nation Thursday afternoon. Follow the broader market action like a pro on CNBC Pro. The company's shares rose about 5% in the broader premarket sell-off. Ukraine's government said Russian tanks and troops rolled across the border and accused Moscow of unleashing a "full-scale war." Russian President Vladimir Putin said overnight that the goal of the "special military operation" in Ukraine is "demilitarization." Like bonds, gold is seen a haven in times of geopolitical turmoil. Shares of American oil companies, including Chevron and Exxon Mobil, were among the beneficiaries in premarket trading. Any long-term spike in energy prices could exacerbate soaring inflation in the U.S. and complicate the Federal Reserve's path for multiple interest rate increases this year. Gold surged more than 3% on Thursday to more than $1,970 per ounce, the highest prices in over a year. Global markets plunged Thursday after Russia launched an invasion of Ukraine in the early morning hours. The Dow Jones Industrial Average on Wednesday joined the S&P 500 and Nasdaq in correction territory.
A “devastating” conflict between Russia and Ukraine hoisted the S&P 500 deeper into a correction and the tech-heavy Nasdaq index into bear-market territory ...
“History offers clues but certainly not guarantees as to what is likely to occur,” says CFRA Research’s Sam Stovall, pointing out the market has edged out of corrections within 60 days about 83% of the time. Russian President Vladimir Putin ordered a “special military operation” in Ukraine early Thursday in a chilling announcement that was immediately followed by reports of explosions across Ukraine. At least 40 people have been killed and dozens more wounded, according to Ukrainian officials. With the Federal Reserve dialing back the pandemic-era stimulus measures that pushed stocks to all-time highs during the pandemic, the market’s sensitivity to geopolitical shock has grown, analyst Adam Crisaffuli of Vital Knowledge Media wrote in a Thursday note.
The Dow Jones Industrial Average finished up 92 points, or 0.28%, to 33,223, while the S&P 500 rose 1.50% and The tech-focused Nasdaq Composite gained 3.34%.
Stocks in Europe were sharply lower, but the S&P 500 rebounded after an early decline. Energy markets swung wildly, and shares in Moscow collapsed.
Volatility isn't going away any time soon, but a correction could create buying opportunities.
U.S. stocks erased losses to trade higher Thursday, with investors finding refuge in large-cap American technology shares, as a decline in oil prices eased ...
U.S. stock gauges tumble Thursday morning as Russia mounts a wide-ranging and long-feared attack on Ukraine, drawing sanctions from Western nations.
- The Nasdaq Composite IndexCOMP,fell 3.2% to reach 12,624, falling well below 12,845.95, the level that would represent a 20% drop from its recent peak and mark the first bear market for the index in about 2 years. - The S&P 500 indexSPX,decline 108 points, or 2.6%, to reach 4,119. - The Dow Jones Industrial AverageDJIA,fell 802 points, or 2.4%, to reach 32,290, heading for its first correction in two years.