Stocks are in turmoil as Russia invades Ukraine. Here are 4 things to know

  • 📰 WBUR
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Though predicting stock moves is impossible, analysts warn sentiment will be cautious for a while. Here's what else you should know.

Traders work on the floor of the New York Stock Exchange at the opening bell on Tuesday in New York. Stocks tumbled on Thursday after Russia invaded Ukraine, sending the Nasdaq into what's known as a bear market. Stocks staged a remarkable recovery on Thursday, bouncing back from a steep plunge earlier in the day after Russia's invasion of Ukraine spooked markets, underlining just how volatile conditions remain in Wall Street.

The geopolitical tensions in recent days had already made things worse as investors braced for a Russian invasion of Ukraine. "I know this is hard," President Biden told reporters at the White House."Americans are already hurting. I will do everything in my power to limit the pain the American people are feeling at the gas pump. This is critical to me. But this aggression cannot go unanswered. If it did, the consequences for America would be much worse."

Yet despite the prospect of higher inflation in the near term, it's harder to predict the impact from the invasion over the longer term.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 274. in US

United States United States Latest News, United States United States Headlines