Wall Street rebounds as cooler heads prevail after heated talks
Despite initial declines, Wall Street ended Friday's session in positive territory. This is how the American stock market reacted to the commotion during the meeting between Volodymyr Zelensky, Donald Trump, and J.D. Vance in Washington.
Wall Street eventually closed on a high note, even after some key indices dropped following the events at the White House. To recap: during a discussion in the Oval Office, an argument broke out between 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 reported by the agency, cooler heads among investors prevailed. The S&P 500 index (an index of companies with the highest market capitalization - editor's note) rose by 1.59%, ending the session at 5,954.50 points. Shares of Nvidia and Tesla increased by almost 4%.
The Nasdaq gained 1.63%, and the Dow Jones Industrial Average went up by 1.39%.
Trading volume on U.S. exchanges was high: 17.5 billion shares changed hands, compared to an average of 15.4 billion shares during the previous 20 sessions.
