Around 5:45 p.m. GMT, the Dow Jones advanced 2.39%, while the Nasdaq took 1.36% and the S&P 500 index, 2.09%.
The Dow Jones accelerated Friday in the middle of the session on Wall Street, taking more than 2% thanks to a technical rebound that began on Thursday and encouraged by the opening of Russian President Vladimir Putin, who said he was ready for talks with Ukraine, invaded by Russian troops.
At around 5.45pm GMT, the New York Square Index was up 2.39%, while the Nasdaq was up 1.36% and the S&P 500 was up 2.09%.
“We’re on a good run,” commented Peter Cardillo of Spartan Capital Securities, who attributed the boost to several factors, citing first signs of Russia’s openness to talks with Ukraine. to put an end to hostilities.
Although the Russian army is continuing its advance on Ukrainian territory, which began on Thursday, the head of Russian diplomacy, Sergey Lavrov, said he was ready for “negotiations, at any time, as soon as the Ukrainian armed forces (…) will lay down their arms”.
Earlier, the Kremlin spokesman also said that Russian President Vladimir Putin was ready to send a delegation to Minsk, Belarus, “for negotiations with a Ukrainian delegation”.
Wall Street was also continuing the technical rebound that began the day before, Briefing.com analysts pointed out, after falling below significant thresholds, in particular that of -20% for the Nasdaq since its peak on November 22, or -10% for the Dow Jones (peak January 4).
Operators were also encouraged to buy, according to Peter Cardillo, by several US macroeconomic indicators in good shape, in particular durable goods orders above expectations in January and an increase in household consumption also above forecasts.
The PCE consumer price index, which showed an acceleration in inflation in January, to 6.1% against 5.8% the previous month, did not cool the temperature.
The VIX index, which measures market volatility, fell significantly by more than 10%. Another sign of less nervousness among investors, the rate of 10-year US government bonds was close to 2%, against 1.97% the day before.
“It’s a nice rebound, but I continue to think that until there is real clarity on what Russia is going to do in Ukraine, we must remain optimistic, but cautious,” concluded Peter Cardillo.