Goldman Sachs warns markets are too relaxed about risks from war

Goldman Sachs is warning that the markets might be underestimating the economic fallout from Russia’s war in Ukraine.

After the invasion initially sent global markets into the red, many major stock indexes have rebounded from their slumps. Even as explosions rock Ukraine and Russia becomes further entrenched in its internationally condemned war, the Dow Jones Industrial Average and Nasdaq were in the black on Friday, with the S&P 500 cruising toward its best weekly gain since 2020.