Wall Street rebounds as investor confidence eclipses tensions
Despite initial declines, Wall Street finished in positive territory after Friday's session. This reflects how the American stock market responded to the tensions during the meeting between Volodymyr Zelensky, Donald Trump, and J.D. Vance in Washington.
Wall Street ultimately ended Friday's session on a positive note, despite drops in several key indices following the events at the White House. To recap: during the conversation in the Oval Office, there was an argument involving Ukrainian President Volodymyr Zelensky, U.S. President Donald Trump, and Vice President J.D. Vance.
"It got heated, and Zelenskiy is considered an ally of the U.S... That's why the market sold off, but then cooler heads prevailed," Adam Sarhan, CEO of 50 Park Investments, told Reuters.
Ultimately, however, as reports indicate, cooler investor heads prevailed. The S&P 500 index (an index of companies with the highest market capitalisation - editor's note) rose by 1.59%, concluding the session at 5,954 points. Shares of Nvidia and Tesla increased by nearly 4%.
The Nasdaq gained 1.63%, while the Dow Jones Industrial Average increased by 1.39%.
Trading volume on U.S. exchanges was high, with 17.5 billion shares traded, compared to an average of 15.4 billion shares over the previous 20 sessions.
