Stocks churn, oil prices ebb amid Russia’s war in Ukraine

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Stocks shifted between gains and losses Thursday and oil prices eased back as markets remain concerned about the broader impact of Russia’s invasion of Ukraine. The S&P 500 rose 0.1%, the Dow Jones Industrial Average rose 0.3% and Nasdaq fell 0.9%. Technology companies had broad losses. Sectors considered less risky, such as utilities, gained ground. The major indexes rallied a day earlier after Federal Reserve Chair Jerome Powell said he favored a modest interest rate increase at the Fed’s policy meeting in two weeks. Bond yields were stable. Trading on the Moscow exchange remained closed and major credit agencies cut Russia’s credit rating.