Investors closed out a strong month for stocks with another record high.
The S&P 500 pushed further into record territory Friday, setting a new closing high of just under 1,860. The index was even higher earlier in the day, but concerns about a potential military conflict between Russia and Ukraine pressured the market in the afternoon.
“The headlines out of Ukraine suggest more unrest in the region,” said Ryan Larson, a senior equity trader at RBC Global Asset Management. “People don’t want to be long heading into the weekend for fear of further escalation.”
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