Stocks End Higher After New Russian Sanctions Announced

U.S. stocks staged a furious comeback Thursday as investors piled into growth and technology stocks in the wake of Russia’s invasion of Ukraine.

Stocks fell in the aftermath of the attacks on cities across Ukraine, while oil, gold and government bonds rose. Investor optimism grew, however, after President Biden in an afternoon address announced new sanctions on Russian elites, state-owned enterprises and banks. The European Union later announced its own sanctions.