Stocks recovered from big early losses Monday as investors jumped in before the closing bell.

The Dow Jones Industrial Average swung 1,217 points and closed up 0.3% after dropping 1,000 points as investors anticipated inflation-fighting measures from the Federal Reserve and fretted over possible conflict between Russia and Ukraine.

What You Need To Know

  • Financial markets fell early Monday in anticipation of inflation-fighting measures from the Federal Reserve and the possibility of conflict between Russia and Ukraine

  • But stocks recovered later Monday as investors jumped in ahead of the closing bell

  • The Dow Jones Industrial Average swung 1,217 points and closed up 0.3% after dropping 1,000 points

Benchmark indexes flirted with near 4-month lows as the market readies for the Fed to raise interest rates to tame inflation, which is at its highest level in nearly four decades.

Retailers notched some of the biggest gains: Gap jumped nearly 8%.

This is a developing story. Check back later for further updates.