Big Range in the US Stock Market Today
Posted on Thursday, February 24, 2022 at 3:34 PM
Dan Passarelli, CEO - Market Taker Mentoring
There was a big range in the US stock market today as traders reassessed their forecasts of the effect of the Russian Invasion of Ukraine.
When wars occur, it changes the dynamic of how companies do business with one another. Some companies will sell more of their products or services some will sell less. Some will be restricted in what they can sell as a result of sanctions. Other companies will step in to fill the void.
When it comes to the stock market and the effects of war on it, traders must look at companies on an individual basis and asses the change in their business model. This can sometimes create opportunities, or require companies to pivot.
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