The Dow experiences its best day since late 2020, gaining 800 points, as investors assess the latest developments in the Russia-Ukraine conflict.

Investors continued to evaluate the financial risks resulting from Russia's invasion of Ukraine, causing stocks to rise on Friday and end a tumultuous week of trading.

The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all experienced significant gains on Monday, with the Dow adding 834.92 points, the S&P gaining 2.2%, and the Nasdaq rising 1.6%.

On Thursday, the major indexes experienced a significant reversal, with the Dow erasing a decline of over 800 points and finishing higher.

Sanctuary Wealth's Jeff Kilburg stated that investors who expected higher volatility in 2022 quickly entered the market, and this trend is evident today. The equity markets had an overreaction to the Ukraine crisis, resulting in an oversold condition.

Despite the two-day surge, the Dow still posted its third-straight losing week. Meanwhile, the S&P 500 and the Nasdaq Composite finished the week with gains of 0.8% and 1.1%, respectively.

On Friday, Johnson & Johnson and 3M were the top gainers of the Dow, with shares rising more than 4% each. Meanwhile, Etsy shares led the S&P 500, increasing by 16.2% after the online marketplace's quarterly results surpassed analyst expectations.

The price of Beyond Meat decreased by 9.2% following a dismal earnings announcement. Foot Locker's stock price dropped by 29.8% after the company revealed that it anticipates lower sales in 2022 due to reduced demand for Nike products.

The market sentiment improved on Friday following reports that Russian President Vladimir Putin is prepared to send a delegation to Minsk for talks with Ukraine.

Ukrainian officials reported that Russia is getting closer to Kyiv, the capital city, which has been hit by "horrific Russian rocket strikes," as stated by Ukrainian Foreign Minister Dmytro Kuleba.

The US, UK, and EU have announced sanctions on Putin and Lavrov.

This week, President Biden announced new sanctions against Russia's largest banks and its sovereign debt as part of a comprehensive effort to isolate Moscow from the global economy.

Jeff Kleintop, the chief global investment strategist at Charles Schwab, stated that although there is chaos on the ground, there is clarity on sanctions, which he believes is providing comfort to the market.

The Commerce Department reported that the core personal consumption expenditures price index, the Federal Reserve's primary inflation gauge, increased by 5.2% from the previous year, slightly exceeding the 5.1% forecast of economists surveyed by Dow Jones.

The Nasdaq Composite remains in correction, with a decline of over 10% from its record high, while the Dow and S&P 500 are on the brink of correction.

According to Paul Hickey of Bespoke Investment, the market is driven by headlines, and once there is clarity on the situation in Russia and Ukraine, the focus will shift back to the Federal Reserve.