In an all-to-familiar theme, U.S. equities shed early gains to finish mixed, adding to the volatility that has sent the major indices to levels not seen in over a year.
After looking as if U.S. equities may get a reprieve from the recent selloff, the markets turned lower midday to finish in the red in volatile trading in the wake of another hotter-than-expected consumer price inflation report.
U.S. equities were able to come off the lows of the day to finish mixed, as investors assessed a number of ongoing headwinds that remained in place, including concerns surrounding the Fed, inflation, and potential for slowing economic growth.
U.S. equities finished broadly higher to snap a three-day losing streak on the heels of news that Russia has begun pulling back troops from the Ukraine border, somewhat cooling tensions in the region.
U.S. equities finished mostly lower in a choppy session amid heightened geopolitical concerns after the U.S. warned that a Russian invasion of Ukraine could be imminent, even as Russian Foreign Minister Lavrov suggested today that diplomacy may still be an option.
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