The Russia Issue Is Hurting the Stock Market. How Things Could Get Worse.

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While stocks are reeling in response to the Russia-Ukraine conflict, there isn’t full-blown panic. Several developments need to occur for the stock market to take another nosedive. 

Tuesday, the

Dow Jones Industrial Average,

S&P 500,
and

Nasdaq Composite
fell 1.4%, 1%, and 1.2%, respectively. But…