Dow’s big recovery | Russia attacks Ukraine | A conflict playbook for investors

Russia's invasion of Ukraine failed to knock the major averages on Thursday, with the Dow, S&P 500 and Nasdaq Composite finishing the day with gains. 

VIEW IN BROWSER | SUBSCRIBE THU, FEB 24, 2022 EVENING BRIEF AS OF THU, FEB 24, 2022 • 05:03 ET DJIA 33223.83 +0.28% +92.07 S&P 500 4288.70 +1.50% +63.20 NASDAQ 13473.59 +3.34% +436.10   Most Active DOW NAME LAST CHG %CHG AAPL 162.74 +2.67 +1.67% INTC 46.72 +2.07 +4.64% MSFT 294.59 +14.32 +5.11% S&P 500 NAME LAST CHG %CHG AMD 116.61 +6.85 +6.24% AAPL 162.74 +2.67 +1.67% F 17.15 +0.20 +1.18% NASDAQ NAME LAST CHG %CHG AMD 116.61 +6.85 +6.24% AAPL 162.74 +2.67 +1.67% NVDA 237.48 +13.61 +6.08%   EDITOR'S NOTE Russia's invasion of Ukraine failed to knock the major averages on Thursday, with the Dow, S&P 500 and Nasdaq Composite finishing the day with gains.  Overnight Thursday, Moscow launched the military action in Ukraine. There were reports of explosions and missile strikes on several key Ukrainian cities including its capital, Kyiv. While stocks initially spiraled downward, the major average recovered. The Dow Jones Industrial Average rose more than points, after being down 859 points earlier in the session. The S&P 500 rose 1.5%, following a 2.6% drop and the Nasdaq Composite reversed a near-3.5% decline to close up 3.3%.  The S&P 500 is still in a technical correction and the Nasdaq is flirting with bear market territory, more than 16% from its record close.  President Joe Biden addressed Russia's invasion of Ukraine on Thursday, announcing that the U.S. will introduce a new wave of sanctions against Russia in a broad effort to isolate Moscow from the global economy. Meanwhile, Russian President Vladimir Putin said Thursday that "Russia remains a part of world economy. We are not going to harm the world economy system we are a part of as long as we are a part of it." While the Russia invasion "is really worse than a baseline expectation," according to Binky Chadha, chief U.S. equity and global strategist at Deutsche Bank, some strategists believe geopolitical shocks to the stock market tend to be fleeting.   BMO's chief investment strategist Brian Belski compiled a list of notable geopolitical conflicts in the past and found that the S&P 500 fared well following the tensions.   "Our work shows that U.S. stock market performance typically holds up pretty well during geopolitical shocks and any price weakness resulting from these events tends to be short-lived," Belski said in a note. Maggie Fitzgerald | CNBC Markets Reporter @mkmfitzgerald Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500 closes 1.5% higher after sharp reversal, as traders shake off Russia's invasion of Ukraine Russian forces invade Ukraine Biden vows wider sanctions on Russia in effort to cut Moscow off from the global economy Oil surges above $100 for the first time since 2014, before paring gains China refuses to call Russian attack on Ukraine an 'invasion,' deflects blame to U.S Geopolitical shocks to the stock market tend to be fleeting, says BMO's Belski Conflict playbook: Investors can protect themselves in these ETFs and securities SEC reportedly probes Tesla CEO Elon Musk and brother over recent stock sales JPMorgan's basket of defensive stocks aims to outperform during market volatility like this Coinbase posts big revenue beat but expects trading volume to fall in Q1   TOP VIDEO I think U.S. equities will continue into bear territory, says Strategas' Chris Verrone   CNBC PRO Russian attack on Ukraine makes it more likely stocks will fall into a bear market   SPECIAL REPORTS Gold prices are popping as Russia invades Ukraine. Why you may want to resist the rush Here's when married filing separately makes sense, according to tax experts   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS Watch our live stream for all you need to know to invest smarter.