Stocks Hold Modest Gains, But NATO Warning Weighs on Market

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Stocks maintained most of Monday's gains resulting from positive geopolitical developments and market-friendly comments from a usual Fed hawk, but retreated off the session highs with investors remaining cautious concerning Russian diplomatic overtures toward Ukraine. This afternoon, NATO warned that there was a "high probability" Russia could launch an invasion of Ukraine under the pretext of humanitarian aid. Although global financial markets were all higher in reaction to Russia ending "military exercises" on the Ukraine border, the lingering risk of a Russian offensive threw cold water on Monday's bullish market sentiment.

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