Stocks rose Friday, building on Thursday's rally, as investors continued to assess the financial risks stemming from Russia's invasion of Ukraine.
The Dow Jones Industrial Index gained 128.71 points to 33,352.54.
The S&P 500 index inched up 0.78 points to 4,289.48.
The NASDAQ Composite Index lost 100.34 points to 13,373.24
Etsy shares on Friday rose 5% after the online marketplace's quarterly results beat analyst estimates. Shares of Beyond Meat tumbled more than 14% and Foot Locker sunk more than 34% after disappointing earnings reports.
Russia is closing in on the Ukrainian capital of Kyiv, according to Ukrainian officials. The capital had been hit by “horrific Russian rocket strikes,” Ukrainian Foreign Minister Dmytro Kuleba said. That came a day after U.S. Secretary of State Antony Blinken told the media that Kyiv “could well be under siege” soon.
U.S. President Joe Biden rolled out a new wave of sanctions against Russia on Thursday afternoon in a broad effort to isolate Moscow from the global economy. The White House has also authorized additional troops to be stationed in Germany as NATO allies look to bolster defenses in Europe, Biden said.
On the data front, the core personal consumption expenditures price index, the Federal Reserve's primary inflation gauge, rose 5.2% from a year ago, the Commerce Department reported Friday. Economists surveyed by Dow Jones expected a 5.1% print.
Prices for the 10-year Treasury faded a tad, lifting yields to 1.98%, from Thursday's 1.97%. Treasury prices and yields move in opposite directions.
Oil prices gained five cents to $92.86 U.S. a barrel.
Gold prices dumped $35.20 to $1,892.10 U.S. an ounce.