WALL STREET FENCE UP
by Caroline Valetkevitch
NEW YORK (Archyde.com) – The New York Stock Exchange ended sharply higher on Friday for the second consecutive session, confirming its rebound after finishing in the red ahead of the offensive launched by Russia against Ukraine this week, while that the Dow Jones recorded its strongest rise since November 2020.
The Dow Jones Industrial Average gained 2.51%, or 834.92 points, to 34,058.75 points.
The broader S&P-500 gained 95.95 points, or 2.24%, to 4,384.65 points.
The Nasdaq Composite advanced for its part by 221.04 points (1.64%) to 13,694.62 points.
For the second consecutive day, the Russian army fired missiles against Kiev, pushing tens of thousands of residents of the Ukrainian capital to take shelter or flee.
At the same time, investors took into account an announcement from the Chinese Foreign Ministry that Russian President Vladimir Putin told his Chinese counterpart Xi Jinping that Moscow was ready to hold high-level talks with Kyiv.
Strategists believe that there may have been some rush in the sale of shares. The S&P-500 entered the correction zone this week, falling more than 10% from its closing record of January 3.
All major sectors of the S&P-500 ended the session in the green.
On the value side, Johnson & Johnson rose 5% after an American judge authorized a subsidiary of the laboratory to remain bankrupt, effectively preventing the maintenance of some 38,000 complaints against the company denouncing the toxicity of some of its products. of talc.
(French version Jean Terzian)