Last Friday, the United States stock indices fell and posted a second consecutive losing week. Each of the three broad benchmark indices lost more than 1% on the week, as the Russia-Ukraine conflict kept investors on high alert. Today, the stock indices have opened in the red as news of Russian president Vladimir Putin’s authorization to deploy Russian forces into two breakaway pro-Moscow regions in eastern Ukraine flooded in.
This geopolitical conflict has added to stock market volatility, while investors were already on edge by the Federal Reserve’s hawkish stance. Thomas Hayes, a managing member at Great Hill Capital LLC in New York, worries that the conflict might create more volatility until international leadership steps in.
