Stocks Finish Lower After Whipsaw Day on War News: Markets Wrap
- S&P 500 jumps almost 2% after dropping 1% in choppy trade
- Treasury yields rise with German peers on news of EU bond sale
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Volatility continued to grip global financial markets, as U.S. stocks and oil swung wildly on headlines related to the war in Ukraine.
The S&P 500 closed down Tuesday, lurching lower in the last hour of trading on a day that saw the benchmark gain almost 2% and drop as much as 1%. The index plunged nearly 3% Monday to close more than 12% below its Jan. 3 record. Stocks, commodities, foreign currencies and sovereign bonds have been swinging wildly in the nearly two weeks since Russia invaded Ukraine, with investors hyper attuned to any change in sentiment that could force a recalibration of asset valuations.