Stock Market Today: Stocks Close Lower on Russia Worries
Markets wavered amid heightened geopolitical uncertainty and concerns about global growth.


Stocks wavered Monday as market participants tried to process what took place in Russia over the weekend and continued to grapple with last week's losses – a retreat driven by fears that hawkishness on the part of global central banks could spark an economic downturn.
Markets mostly took the short-lived mutiny in Russia over the weekend in stride Monday. Although the major benchmarks struggled for direction throughout the session, they did so by vacillating between comparatively small losses and gains. The fact that the challenge to President Vladimir Putin's authority occurred when markets were closed greatly lessened its impact on volatility, experts said, but that doesn't mean the geopolitical uncertainty unleashed by the coup won't continue to reverberate.
"So far, the markets appear to be taking a wait-and-see attitude toward the weekend's eye-opening developments in Russia," said Chris Larkin, managing director of trading at E*Trade, in a note to clients. "But that element of geopolitical uncertainty unfolded just as the stock market suffered its first down week since mid-May as the Fed stuck to its hawkish script on interest rates."

Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Markets retreated last week as Federal Reserve Chair Jerome Powell reiterated the central bank's view that it would likely need to raise interest rates two more times before the end of the year. Adding to the selling pressure, the Bank of England, Swiss National Bank and central bank of Norway increased their benchmark interest rates last week.
Rate hikes and expectations for further tightening have cost the market some of its momentum in an otherwise strong year for equities. Companies whose shares have rallied sharply on the promise of generative artificial intelligence (AI) have come under particular duress lately. Among the 30 Dow stocks, Microsoft (MSFT) and Apple (AAPL) ended Monday's session in the red. Other mega-cap AI names, such as Nvidia (NVDA) and Google parent Alphabet (GOOGL), also weighed on the benchmark indexes.
At the closing bell, the blue-chip Dow Jones Industrial Average fell less than a tenth of a percent to 33,714, while the broader S&P 500 declined 0.5% to end at 4,328. The tech-heavy Nasdaq Composite shed 1.2% to finish at 13,335.
Rebalance your risk with ETFs
Investors should be grateful that the short-lived uprising in Russia happened when markets were closed. It surely saved them from a spasm of volatility. But the aftershocks could continue to reverberate for some time.
"The Russian mutiny reveals the underlying trend of domestic instability," writes Matt Gertken, chief geopolitical strategist at BCA Research. "Russian instability is negative for global stability."
With the war in Ukraine "exacerbating the problem," investors should expect an increase in the equity risk premium, Gertken adds. So what does that mean? When the equity risk premium rises, investors should theoretically favor stocks over bonds in a portfolio.
If you're looking to rebalance in light of heightened geopolitical uncertainty, cheap and diversified ETFs can be your best friends. From the best defensive ETFs to top-notch growth ETFs to the best ETFs across asset classes, investors have plenty of tools to meet this latest global challenge.
Related Content
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

Dan Burrows is Kiplinger's senior investing writer, having joined the publication full time in 2016.
A long-time financial journalist, Dan is a veteran of MarketWatch, CBS MoneyWatch, SmartMoney, InvestorPlace, DailyFinance and other tier 1 national publications. He has written for The Wall Street Journal, Bloomberg and Consumer Reports and his stories have appeared in the New York Daily News, the San Jose Mercury News and Investor's Business Daily, among many other outlets. As a senior writer at AOL's DailyFinance, Dan reported market news from the floor of the New York Stock Exchange.
Once upon a time – before his days as a financial reporter and assistant financial editor at legendary fashion trade paper Women's Wear Daily – Dan worked for Spy magazine, scribbled away at Time Inc. and contributed to Maxim magazine back when lad mags were a thing. He's also written for Esquire magazine's Dubious Achievements Awards.
In his current role at Kiplinger, Dan writes about markets and macroeconomics.
Dan holds a bachelor's degree from Oberlin College and a master's degree from Columbia University.
Disclosure: Dan does not trade individual stocks or securities. He is eternally long the U.S equity market, primarily through tax-advantaged accounts.
-
How to Navigate Your Medicare Advantage Plan in a Disaster
If you're a Medicare Advantage member in an area that has been impacted by a disaster, you might be worried about access to care and medicine. Here's what you need to know.
-
Older Investors: Boost Your Savings and Retire Earlier
This one measure can help older investors retire up to two years earlier and potentially double their retirement savings.
-
Nasdaq Ends the Week at a New High: Stock Market Today
The S&P 500 came within a hair of a new high, while the Dow Jones Industrial Average still has yet to hit a fresh peak in 2025.
-
Stocks Swing Lower as Eli Lilly, Fortinet Spiral: Stock Market Today
The main indexes finished well off their session highs after a disappointing batch of corporate earnings reports.
-
What Tariffs Mean for Your Sector Exposure
New, higher and changing tariffs will ripple through the economy and into share prices for many quarters to come.
-
Stocks Rally on Apple Strength: Stock Market Today
The iPhone maker will boost its U.S. investment by $100 billion, which sent the Dow Jones stock soaring.
-
Dow Dives 542 Points on Soft Jobs Data: Stock Market Today
The last day of a busy week ends with the first greater-than-1% move in either direction in more than a month.
-
Stocks Can't Hold Meta, Microsoft Gains: Stock Market Today
The main indexes all opened higher Thursday on impressive Big Tech earnings, but momentum faded into the close.
-
How to Invest for a Fall Interest Rate Cut by the Fed
A lot can happen between now and then, but the probability the Fed cuts interest rates in September is back above 80%.
-
Stocks Are Up and Down on Fed Day: Stock Market Today
In another sign of changing times, JPMorgan has partnered with Coinbase to enable cryptocurrency purchases with credit cards.