Budrigan Ltd-US indices rise amid rumors of talks between Russia and Ukraine

Budrigan Ltd-US indices rise amid rumors of talks between Russia and Ukraine

Budrigan Ltd-US indices rise amid rumors of talks between Russia and Ukraine

Budrigantrade.com - After the Kremlin stated that Russian President Vladimir Putin is prepared to send a delegation to Minsk for negotiations with Ukraine, the Dow and the S&P 500 indexes rose on Friday, building on a rally that occurred during the previous session.

Investors were worried about the repercussions of Russia's invasion of Ukraine and Western sanctions, which earlier this week sparked a massive selloff on global markets, when the news came out.

"Whether or not this is true, that was the impetus that drove us up. According to Dennis Dick, a proprietary trader at Bright Trading LLC in Las Vegas, "We continue to be in a choppy headline driven market."

"In 2020, we were buying dips and selling them three days later, making money; in this setting, you might be buying dips and selling them five minutes later,"

Early trading saw gains in eight of the 11 major S&P sectors, with energy and financials up 1.7% and 1.3%, respectively.

After a sharp rally in the previous session, sectors like information technology and consumer discretionary, which house some of the megacap companies, underperformed.

The S&P 500 was up 20.90 points, or 0.49 percent, at 4,309.60 at 10:12 a.m. ET, the Dow Jones Industrial Average was up 256.49 points, or 0.77 percent, and the Nasdaq Composite was down 43.89 points, or 0.33%, at 13,429.69.

While safe-haven gold fell from 18-month highs and oil prices fell below $100 a barrel, global stocks rose.

After a coordinated response by the West in the form of sanctions was seen as being softer than many investors had feared, Wall Street rebounded in a rally late in the session on Thursday, led by a gain of 3% in the Nasdaq.

Nonetheless, investors are already concerned about the Federal Reserve's aggressive policy tightening plans, and the major indexes are experiencing their third weekly decline in a row as a result of escalating geopolitical tensions.

Lockheed Martin Corporation (NYSE) Northrop Grumman Corporation (NYSE) L3Harris Technologies (NYSE: NOC) and NOC For the second day in a row, (LHX) Inc. saw a slight rise.

Etsy (NYSE) The online crafts retailer beat estimates for fourth-quarter results, helped along by strong holiday demand for gifts and other products on its online marketplace. As a result, ETSY Inc. rose 5.2%.

On the (NYSE), the ratio of advancing issues to declining issues was 1.55 to 1. On the Nasdaq, decliners outnumbered advancers by a ratio of 1.08 to 1.

The Nasdaq saw 14 new highs and 37 new lows, while the S&P index saw 3 new 52-week highs and no new lows.

   Budrigan Ltd-US indices rise amid rumors of talks between Russia and Ukraine

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