EDITOR'S NOTE
U.S. stocks rallied for a second consecutive day as investors monitored the latest headlines out of Ukraine. The Dow Jones Industrial Average posted its best day since November 2020, but finished the week marginally lower. The S&P 500 and Nasdaq Composite both closed positive on the week.
As Russia closed in on the Ukrainian capital of Kyiv, the Kremlin reportedly said that President Vladimir Putin is ready to send a delegation to Belarusian capital Minsk for negotiations with Ukraine.
Plus, the White House on Friday announced the U.S. will impose a slate of sanctions on Putin and Foreign Minister Sergey Lavrov. The United Kingdom and the European Union announced similar sanctions Friday. 
"This is going to be a year where the anticipation of events is worse than the actual event itself, at least in the market," Liz Young, head of investment strategy at SoFi, said on CNBC's "Fast Money Halftime Report."
With the last day of February on Monday, the major averages are all on track to close the month lower. The S&P 500 is down 2.9% in February, while the Dow and Nasdaq Composite are each at least 3% lower for the month.
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