Wall Street ends higher after Zelenskiy and Trump clash
Fri February 28, 2025 4:18 PM
The headline is more than a little misleading, implying that the market actually liked the big clash in the Oval Office this afternoon. But a closer look at the details reveals that the clash was not the reason the market rose. In fact, all three indexes fell into the red immediately following the meeting. Then investors took a few deep breaths and optimism reemerged that there ultimately would be a deal to end the war in Ukraine.
As today’s expert put it, “The news, if you watched it live, was pretty worrisome. That’s why the markets sold off, but then cooler heads prevailed. Zelenskyy is either going to make a deal or he’s not.” But what a day it was, unprecedented. No one had ever witnessed a scene like that in the Oval Office before. Anyway, after cooler heads did prevail, all three indexes zoomed and quite a bit. Volume was quite brisk coming in considerably higher at 17.5 billion vs the average of 15.4 billion.
DJ: 43,239.50 -193.62 NAS: 18,544.42
-530.85 S&P: 5,861.57
-94.49 2/27
DJ: 43,840.91 +601.41 NAS: 18,847.28
+302.86 S&P: 5,954.50
+92.93 2/28
Fri 2-28-25 4:18 pm Wall Street ends higher after Zelenskiy and Trump clash | Reuters
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