The Russia-Ukraine conflict paired with an inflation reading of 7.9% led to a selloff in the equity markets last week with the NASDAQ down 3.53%, the S&P 500 down 2.88%, and the Dow Jones Industrial Index down 1.99%. The Federal Reserve meets this Wednesday, with traders nearly certain that a 25-bps rate hike will be announced.

The escalating Russia-Ukraine conflict and the growing fallout to commodity markets continued to weigh on equity markets this past week. In the U.S., geopolitical and inflation concerns overshadowed strong manufacturing and labor market reports with the S&P 500 falling 1.2% on the week.

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A handful of tech companies reported earnings results this week, but it was Russia's invasion of Ukraine that claimed the attention of investors across the tech sector and the broad market.

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