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"The result is on this photo: fiery 'greetings' to the invaders," the Security Service of Ukraine wrote alongside a photo showing several military vehicles among plumes of black smoke. For tech stocks, โ€œthe main thing is yields,โ€ Essaye said. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the worldโ€™s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. โ€œWe have a ton of uncertainty right now,โ€ said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. โ€œWeโ€™re dealing with a war, weโ€™re dealing with inflation. We donโ€™t know what it means to earnings.โ€ Stocks closed in the red Friday as investors weighed upbeat remarks from Russian President Vladimir Putin about diplomatic discussions with Ukraine against a weaker-than-expected print on U.S. consumer sentiment.
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