Pimco Amassed Billions of Exposure to Russia Debt Facing Default

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Dow ends 650 points higher as investors track Russia-Ukraine war developments

U.S. stocks ended sharply higher Wednesday, bouncing as investors continued to track the Russia-Ukraine war and its potential economic fallout. The Dow Jones Industrial Average rose around 653 points, or 2%, to end near 33,285, while the S&P 500 gained 2.6% to finish near 4,278. The Nasdaq Composite jumped 3.6% close near 13,256. The bounce came as news reports said foreign ministers from Russia and Ukraine plan to meet Thursday in Turkey. Oil futures retreated, pulling back from nearly 14-year

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