Stocks bounced between gains and losses on Thursday before ultimately finishing lower, serving somewhat like a miniature version of the preceding days.
Equities, along with bond yields and energy prices, have seen heightened volatility since Russia's invasion of Ukraine. The Dow Jones Industrial Average's big rally last Friday was erased early this week, only for a rally Wednesday to bring the 30-stock index back near the 34,000 level.
However, these dramatic reversals day-to-day don't look unusual in market history, and investors should be cautious about trying to divine the market's next move based on any day's swings, said Callie Cox, an investment analyst at eToro.
"In bull markets and bear markets alike, when volatility happens, you see a lot of those ups and downs. And so that's why we're encouraging customers not to fall too far into panic selling and to really remove their emotions from the day-to-day trading," she said.
One positive sign is that there were indications that investor sentiment is near a nadir, Cox said. This could help stocks rebound if some encouraging headlines hit — reversing some of the market's recent losses.
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