Conflicts like Russia’s invasion of Ukraine have historically sent stock prices lower and boosted the value of certain commodities. WSJ’s Dion Rabouin explains the investor psychology that's moving markets. Photo: Justin Lane/EPA-EFE/ShutterstockRussia invaded Ukraine to start the biggest land war in Europe since Hitler. U.S. stocks soared. What gives?
It isn’t that Wall Street secretly loves Vladimir Putin. A close look at the market’s performance on Thursday shows the reality: U.S. equities had a near-perfect reverse of what had been going on this year. It was a great stock-market switcheroo.
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