Stocks Close Mixed in Ugly Finish as Geopolitical Tensions Re-Emerge - S&P Scratches Out Fresh Record, Strong February

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Wall Street limped into the close today leaving the Dow Industrials and the S&P 500 only slightly higher, and the Nasdaq lower. Friday's early rally on upbeat economic data began to unravel after rumors surrounding the deteriorating situation in Ukraine undermined bullish sentiment. Remarks from Philadelphia Fed President Charles Plosser concerning higher interest rates coupled with technical resistance at the S&P 500's record high to drive stock prices sharply lower midday, amplified by a major selloff in the dollar. The major averages did try for a late-session rally. The S&P 500 ends February with a 4.3% monthly gain; the DJIA is up 4% and the Nasdaq is up 5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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