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Published: Feb 23, 2022 5 min read

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Stocks have taken a hit this week as investors react to the Russia-Ukraine military conflict. But experts say you shouldn't shake up your investing strategy just because stock prices are moving.

After a volatile trading day on Tuesday, the S&P 500 marked its first correction — a price decrease of at least 10% from its most recent high — since the beginning of the pandemic. Stocks continued to plummet Wednesday following President Joe Biden's announcement of sanctions against Russia. The S&P 500 was down around 0.5% Wednesday morning. The Dow fell 0.3%, and the Nasdaq Composite, around 0.8%.

The latest price swings come amid an already tumultuous time for the stock market. Inflation is at a 40-year high and the Federal Reserve is expected to hike interest rates as soon as March. Investors may be anxious about their investment portfolios, but experts say to remain calm.

"It's simply a reminder that volatility is an essential part of investing," says Sam Stovall, chief investment strategist at the investment research firm CFRA Research. "During times of elevated volatility and tension, don't allow your emotions to become your portfolio's worst enemy."