All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity.
The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off the lows hit by the close of trading on Feb. 23, a mere hours before Russia invaded Ukraine.
Every member of the FAANG [Facebook/Meta, Apple, Amazon, Netflix, Google/Alphabet] cohort has gained in the last five trading days as luck would have it, paced by a nearly 7% increase in Alphabet.
And believe us, there are many things trying very hard to bring the major stock indexes to their collective knees.
Oil prices ripped through $110 a barrel on Wednesday as the war between Russia and Ukraine intensified. Western company after Western company are saying see you later to Russia in light of its action.
