The major averages moved higher Thursday, erasing a steep declines from earlier in the session, as investors looked past Russia’s attack of Ukraine.
The Dow Jones Industrial Index came out ahead 92.07 points to 33,233.83, erasing a 859-point decline.
The S&P 500 index gained 63.2 points, or 1.5%, to 4,288.70.
The NASDAQ Composite Index popped 436.10 points, or 3.3%, to 13,473.59, after being down nearly 3.5% at one point in the session.
Investors bought the dip on some of the biggest tech names during Thursday’s volatile session. Amazon, Netflix, Alphabet and Microsoft all traded higher — erasing sharp declines from earlier in the day. Netflix rose 6.1% and Microsoft added 5.1%. Alphabet climbed 3.9% and and Meta Platforms popped 4.6%.
Moscow launched the military action in Ukraine overnight Thursday. There were reports of explosions and missile strikes on several key Ukrainian cities including its capital, Kyiv. Russian President Vladimir Putin called the invasion “the demilitarization” of Ukraine and said Russia’s plans do not include the occupation of Ukrainian territories.
Prices for the 10-year Treasury were higher, lowering yields to 1.97%, from Wednesday’s 1.99%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.06, or $93.16 U.S. a barrel.
Gold prices stumbled $10.20 to $1,900.20 U.S. an ounce.