Drawing inspiration from the phrase “It can’t get any worse?”, the U.S. stock market managed to close on a high note, despite the tumultuous Trump versus Zelenskiy discourse unfolding in the Oval Office.
Interestingly, while there was a bit of a recovery, both the broader S&P and Nasdaq indices wrapped up the week marking their second consecutive decline. Here’s a look at the numbers that rounded off the day:
The Dow Industrial Average climbed 600.49 points, a 1.39% gain, settling at 43,839.99. The S&P ended the day up by 92.82 points, or 1.58%, reaching 5,954.39. The Nasdaq saw a rise of 302.86 points, translating to a 1.63% gain, landing at 18,847.28. Meanwhile, the Russell 2000, tracking smaller companies, increased by 23.40 points, or 1.09%, finishing at 2,163.06.
In terms of the week’s trading performance: the Dow’s Industrial Average edged up by 0.95%, the S&P experienced a dip of 0.98%, and the NASDAQ saw a notable drop of 3.47%. The Russell 2000 also declined by 1.47%.
Meanwhile, the Oval Office clash was nothing short of extraordinary, leaving many to wonder about the repercussions. With any luck, once cooler heads prevail, there could be promising news on the horizon… or so it seems. Yet, the looming question remains: how strained will the U.S.-EU relations become, and what could that potentially lead to?
Additionally, there’s the issue of tariffs on the horizon, set to hit Mexico and Canada (and China) on Tuesday. Only time will tell if there might be a last-minute delay. Adam offers more insight on this in his recent post [HERE].
