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Stock market bends but doesn't break despite worsening Ukraine news and spiking oil prices

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2022.
Brendan McDermid | Reuters

Blisters come first, then calluses.

The stock market has been rubbed raw by unyielding friction from geopolitical strife, commodity-supply shocks and tighter financial conditions proceeding from the Ukraine invasion and sanctions – aggravating elements applied to a tape already pressured by growth-stock valuation compression and coming Federal Reserve tightening.

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