Gains for the fourth consecutive session were recorded by the key indicators of Wall Street on Friday amid expectations that the Ukraine-Russia talks could pave the way for a ceasefire agreement. The 4×4 led to strong gains in the US stock market during the week, marking the best 5-day period since November 2020.
The indices started with mixed signs and in a climate of increased volatility due to the expiration of a wide range of derivative contracts (triple witching), however the positive signs prevailed.
Investment attention was focused on developments from Ukrainewith diplomatic efforts continuing in the shadow of escalating hostilities on the Russian side, with Kyiv and major cities in the east under constant bombardment and new missile strikes in western Ukraine.
Ukraine’s negotiator in talks with Russia said on Friday that his country’s position remains unchanged and he wants peace talks to lead to a ceasefirewithdrawal of Russian troops and security guarantees.
“The statements of the Russian side are only its positions. All the statements are aimed, among other things, at provoking tension in the media. Our positions remain unchanged. Ceasefire, withdrawal of troops and strong security guarantees,” he said on Twitter. Ukrainian negotiator Pontoliak.
Earlier, according to Reuters, Russian negotiator Vladimir Medinsky said that Moscow and Kyiv are “halfway” to their agreement on the demilitarization of Ukraine, while their views are more aligned on neutrality. Ukraine and the abandonment of NATO membership.
US President Joe Biden holds talks with Chinese counterpart Xi Jinping today in the wake of US warnings to Beijing not to offer aid to Moscow in its war against Ukraine.
The US president made it clear to his counterpart that Beijing would face serious consequences not only from the United States but also from the international community if it provided support to Russia in its war in Ukraine. For his part, Xi Jinping stressed that China and the United States have a responsibility to help achieve world peace.
From field of monetary policy, the investment attention was gathered today by the warnings of the president of St. Louis Federal Reserve, James Bullard that the Federal Reserve is in danger of losing credibility if it does not move faster to deal with inflation.
In a statement, Bullard said he would like to see the central bank’s key interest rate rise above 3% this year. “This would quickly adjust the interest rate to a more appropriate level for the current situation,” said an official who disagreed last Wednesday with the Fed’s decision to raise interest rates by 25 basis points, backing a 50 basis point increase. .
In the forecasts released by the Fed on Wednesday, after the monetary policy decisions, the officials “see” another six interest rate increases this year, leading the interest rate to 1.75%.
The Federal Reserve’s Christopher Waller also spoke to CNBC about a more aggressive approach to tightening monetary policy, saying the central bank may need to raise interest rates by 50 basis points. for one or more times.
In the meantime, his performance 10-year US government bond fell 4.6 basis points to 2.146% on Friday. In the 5-day period, however, it strengthened by 14.2 bp. The dollar added 0.2%, but on a weekly basis lost about 1%, according to the US Dollar Index.
Indicators – Statistics
On the dashboard, the industrial Dow Jones strengthened by approximately 275 points or 0.79% to 34,754.21. The wider S&P 500 gained 1.17% to 4,463.09 points, while the technological Nasdaq added 2.05% to 13,893.84 points.
In the week All three indicators showed strong gains: the Dow Jones added 5.5%, the S&P 500 strengthened by 6.2% and the Nasdaq by 8.2%.
From 30 shares that make up the Dow Jones industrial index 21 closed with a positive sign and 9 with a negative one. The biggest gainers were Salesforce with gains of $ 8.33 or 3.96% at $ 218.74, followed by Nike with gains of 2.98% at $ 131.21 and Visa Inc at $ 219.10. with an increase of 2.69%.
The shares with the biggest losses were Verizon (-2.39%), Johnson & Johnson (-1.11%) and Dow Inc (-0.67%).
FedEx announced lower-than-expected third-quarter results and kept its outlook for the year largely unchanged. Its share fell by 3.98%.
GameStop, a video game retailer, rose 3.5% despite announcing surprise losses for the fourth quarter.
Moderna’s title won about 6.3% in response to a request from the FDA to approve a 4th dose of coronavirus vaccine for all adults.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
