Tensions Lower, Stocks Climb
In case anybody needed a reason to not want a war.
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Russian troops were pulled back from the Ukrainian border leading to lowered concerns about an impending conflict as well as good things for the market.
- S&P 500 rose 69.40 points (1.6%) to 4471.07 which caught up after 3 days of losses.
- Dow Jones Rose 422.67 points (1.2%) to 34988.84
- Russell 2000 up 55.68 points (2.76%) to 14139.77
- and tech-heavy Nasdaq added 348.84 points (2.5%) to 14139.76
Additional movement in the market includes international oil benchmark Brent Crude, lowering prices 3.3% to $93.28 a barrel, natural gas in the EU dropping by 3.4%, and the US 10-Year treasury note raising 2.044% to its highest value since June 2019.
Telling it like it is - In case anybody needed a reason to not want a war.