Markets Close The Week On A Strong Note Despite Ongoing Russia-Ukraine Conflict

U.S. indices finished higher again Friday as stocks continued higher while investors reacted to the ongoing Russia-Ukraine conflict.

Brent crude oil prices pulled back below $100 per barrel on Friday after breaching $105/bbl on Thursday morning for the first time since 2014.

The latest round of inflation data released on Friday shows no signs of relief for Americans dealing with rising prices. The personal consumption expenditures price index was up 5.2% in January, its largest increase since April 1983.

  • The Nasdaq composite finished higher by 1.64% to 13,694; The Invesco QQQ Trust Series 1 QQQ gained 1.55% to $340.49
  • The S&P 500 traded higher by 2.24% to 4,384; The SPDR S&P 500 ETF Trust SPY gained 2.21% to $437.75
  • The Dow Jones composite traded higher by 2.67% to 11,478; The SPDR Dow Jones Industrial Average ETF Trust DIA finished higher by 2.47% to $340.54 

Here are the day's winners and losers from the S&P 500, according to data from Benzinga Pro.

Etsy Inc ETSY, DISH Network Corp DISH and Nucor Corporation NUE were among the top gainers for the SPY Friday.

Moderna Inc MRNA, Intuit Inc. INTU and eBay Inc EBAY were among the top losers for the S&P 500.

Elsewhere On The Street

The initial surge in crude oil prices following Russia's invasion of Ukraine on Thursday subsided late in the day, and drivers and analysts now have some optimism that the Ukraine conflict may not have as big of an impact at the pump as some had feared… Read More

The conflict in Ukraine has evolved from grave tension to war. On Thursday, President Joe Biden further condemned Russia’s actions in Ukraine, saying the White House is imposing new sanctions on four more major Russian banks, "freezing every asset they have in America."... Read More

Block, Inc SQ gapped up 20% higher on Friday and ran an additional 5% intraday after reporting better-than-expected financial results for the fourth quarter… Read More

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