Stocks ended a wild ride Monday with modest gains after the Dow Jones Industrial average shed more than 1,000 points in early trading on uncertainty surrounding tensions in the Ukraine and inflation-fighting measures by the Fed
NEW YORK — Stocks ended a wild ride Monday with modest gains after the Dow Jones Industrial average shed more than 1,000 points in early trading on uncertainty surrounding tensions in the Ukraine and inflation-fighting measures by the Fed. The late-afternoon comeback pulled the S&P 500 out of so-called correction territory — a drop of 10% or more from its recent high. The market’s gyration reflected investors’ uncertainty over how aggressive the Federal Reserve’s inflation-fighting measures will be and the possibility of conflict between Russia and Ukraine. “We’re in this wait-and-see mode, which is almost the most uncomfortable place to be, so I think the market is really grappling with that,” said Lindsey Bell, chief markets and money strategist at Ally Invest.
