A flurry of political maneuvering on the global stage couldn’t stop stocks from reaching a new record Thursday. The S&P 500 ended the day at an all-time closing high. The Dow Jones industrial average closed higher as well, but the Nasdaq posted a small loss.
The gains came despite a tense political standoff between Russia and Western powers over Ukraine. Russian troops moved into Ukraine’s Crimea Peninsula over the weekend, effectively taking control of the strategically important territory.
For now, investors are confident that the conflict will not escalate into a full-blown war. But the crisis could have unpredictable political ramifications.