Market Continues Falling on Russia-Ukraine Woes
Feb 18, 2022
• 4
Min Read
Key Takeaways
- The S&P 500 closed at 4,348.87 down from 4,418.64 last Friday. The VIX closed little changed from last Friday at $27.75.
- The market started to regain some footing on Friday morning, but renewed reports of imminent escalation from Russia alarmed markets. President Biden believes Putin has decided to invade.
- Nasdaq was down the most of major indices. Longer duration (high P/E) stocks continue to be under pressure.