Markets Have Down Week As Escalation Continues in Russia/Ukraine War, Commodity Upside Spooking Markets

Key Takeaways

  • The S&P 500 closed at 4,328.87 down from 4,384.65 last Friday. The VIX closed at $31.98 after peaking near $35 during trading Friday.
  • Markets continue to process the economic implications of Russia’s war in Ukraine. Markets in Europe were particularly spooked as Russian forces shelled Europe’s largest nuclear power plant.
Payroll numbers came in above expectations at 678,000; however, wages were pretty flat. Revisions added 92,000 jobs to the prior two months of g...

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