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Stocks swung from huge losses to gains on Thursday as Russia's invasion of Ukraine triggered enormous volatility.

The S&P 500 was down more than 2.6% before reversing course and closing up 1.5%. The Dow was down 859 points in the morning but closed up 92. The Nasdaq was down nearly 3.5% before finishing up 3.3%.

The big picture: Traders seemingly snap-sold stocks in the early going, fearing economic turmoil from the war. 

Yes, but: Stocks rallied on hopes that the financial effects will be contained to the region.

Russian invasion sparks massive market volatility

Stocks swung from huge losses to gains on Thursday as war triggered enormous volatility.

Stocks swung from huge losses to gains on Thursday as Russia&#x27;s invasion of Ukraine triggered enormous volatility.<ul><li>The S&amp;P 500 was down more than 2.6% before reversing course and closing up 1.5%. The Dow was down 859 points in the morning but closed up 92. The Nasdaq was down nearly 3.5% before finishing up 3.3%.</li></ul>The big picture: Traders seemingly snap-sold stocks in the early going, fearing economic turmoil from the war. Yes, but: Stocks rallied on hopes that the financial effects will be contained to the region.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Russian invasion sparks massive market volatility

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