Wall Street rallies as tensions ease after heated White House meeting
Despite initial declines, Wall Street ended in the green after Friday’s session. This reflects 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 ultimately closed Friday's session on a positive note, despite drops in several key indices following 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 the agency reports, cooler investor heads prevailed. The S&P 500 index (an index of the 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 climbed by almost 4%.
The Nasdaq gained 1.63%, and the Dow Jones Industrial Average increased by 1.39%.
Trading volume on U.S. exchanges was high: 17.5 billion shares in turnover, compared to an average of 15.4 billion shares during the previous 20 sessions.
