SKLZ - Hot Stocks: Russian stocks drop; RCII SKLZ plunge on earnings; LNTH rises; SJI takeover deal
Russia's invasion of Ukraine triggered a volatile session on Wall Street, with the major averages recovering from an early selling spree to finish Thursday's trading with gains. With tech stocks leading both the initial selling and the late recovery, the Nasdaq went full circle, turning an early slide of more than 3% into a gain of more than 3% by the close. The S&P 500 ended higher by 1.5%, with the announcement of further sanctions on Russia and a U.S. promise to defend NATO members encouraging an afternoon buying spree. Russian stocks remained among the day's worst performers, even as the broader averages rebounded. The prospect of an ongoing conflict and international isolation led to declines in stocks like Yandex (NASDAQ:YNDX), Telecom Veon (NASDAQ:VEON) and Mobile TeleSystems (NYSE:MBT). While the headlines related to the Ukraine invasion drove the broader averages, some stocks remained focused on more conventional corporate news. Rent-A-Center
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Hot Stocks: Russian stocks drop; RCII, SKLZ plunge on earnings; LNTH rises; SJI takeover deal