Stocks Pare Losses
S&P 500 Claws Back from Correction
U.S. stocks ended mixed last week as economic readings and geopolitical risks linked to Russia’s invasion into Ukraine weakened expectations that the Federal Reserve will aggressively hike rates in March. The Dow Industrials surged over 800 points on Friday for its best single-day gain since November 2020, yet the 30-stock index registered its third-straight weekly loss. The broader-based S&P 500 and Nasdaq Composite posted gains. Sentiment improved late in the week after Russian President Putin agreed to send a negotiating team to Minsk to meet with Ukrainian officials.
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