Continuation of the reaction with a new rally on Wall Street

LAST UPDATE: 18:30

Strong upward trends prevail today in the American market, as after the technological counterattack yesterday, the blue chips took the reins and give a rhythm to the transactions.

In particular, the Dow Jones high capitalization jumped almost 600 points and moved to 33,821 units with an increase of 1.8%, the enlarged S&P 500 strengthened by 1.7% and is at 4,360 units, while after its own rally yesterday the technological weighted Nasdaq follows at a gentle pace with + 1% at 13,624 points.

Investors’ eyes continue to be on Eastern Europe, where Russian forces are now besieging the Ukrainian capital, Kiev.

However, the investment mood seems to be driven by the possibility of starting a dialogue between the two countries, as Kremlin spokesman Dmitry Peshkov told reporters that Russia is ready to send its delegation to Minsk for talks with Ukraine.

Earlier, the Russian news agency Ria reported that Ukrainian President Zelensky had invited Putin’s Russian counterpart to sit down at the negotiating table.

At the same time, however, both the United States and Europe are imposing significant sanctions on Russia.

In addition, European leaders have personally focused on Russian President Putin and Foreign Minister Lavrov, deciding to freeze their assets.

As Charles Schwab analyst Jeff Kleintop puts it, “there is chaos on the ground, but there is clarity about sanctions and I think that ‘relieves the market.’

Elsewhere, positive macroeconomic data showed that orders at US factories for business equipment rose in January at the fastest pace in four months.

At the same time, however, inflationary pressures continue to be extremely strong as the consumer price index – the Fed’s preferred inflation index – rose 0.6% in January after rising 0.5% in December. .

At the same time, in the 12 months to January, the index climbed to 6.1% after 5.8% in December, recording its largest increase since 1982.

In individual stock movements, Etsy rallied 11% after the results it published and exceeded analysts’ estimates.

By contrast, Beyond Meat is down 8% and Foot Locker is being pounded with brutal losses of more than 35%, after both disappointed in their own results.

Overall, despite yesterday’s impressive turnaround and the continuation of the rise today, the Dow Jones is still on track for the third consecutive week of losses, while the Nasdaq continues to move in a correction zone, more than 10% away from its all-time high. .

On the contrary, despite the strong fluctuations of the four-day period (on Monday the market was closed due to a holiday), the S&P 500 has moved marginally to a positive sign for the week.