S&P 500 closes 1.5% higher after sharp reversal, as traders shake off Russia’s invasion of Ukraine; European stocks close 3% lower as Russia launches Ukraine invasion; German DAX slides 4% 
Stocks rose broadly on Thursday, staging a massive comeback from steep declines seen earlier in the day, as investors looked past Russia’s attack on Ukraine. 
The S&P 500 rose 1.5% to 4,288.70 after dropping more than 2.6% earlier in the session. The Dow Jones Industrial Average added 92.07 points to 33,223.83, erasing an 859-point decline. The Nasdaq Composite ended the session 3.3% higher at 13,473.59, after being down nearly 3.5% at one point in the session. 
Investors bought the dip on some of the biggest tech names during Thursday’s volatile session. Amazon, Netflix, Alphabet and Microsoft all closed higher — erasing sharp declines from earlier in the day. Netflix rose 6.1%, and Microsoft added 5.1%. Alphabet and Meta Platforms popped 4% and 4.6%, respectively. 
Oil prices settled well off their highs alongside the recovery in equities. Global oil benchmark Brent jumped 1% to around $92 per barrel, after the $100 level for the first time since 2014. The U.S. oil benchmark, WTI, traded about 1% higher around $92 per barrel after hitting just shy of $100 per barrel earlier in the session. 

The pan-European Stoxx 600 closed down more than 3%, reaching its lowest point since the start of 2022, with banks plunging over 8% to lead losses as all sectors and major bourses slid into negative territory. 
Germany’s DAX index was among the worst-performing major bourses in Europe, dropping 4%. There were few individual share price gains worth noting in Europe on Thursday morning, while stocks perceived by the market to have exposure to Russia tumbled. Polymetal International plummeted nearly 38%, while Rolls-Royce shed 13%, Uniper 14% and Raiffeisen Bank 23%. 
Source: CNBC, Investing.com