Wall Street Rallies Amid Geopolitical Tensions and Corporate Gains
Wall Street closed the week on a high note, with the Dow Jones Industrial Average leading gains. UnitedHealth and Intel were standout performers, buoyed by strategic investments and potential government backing. The broader market shrugged off mixed inflation data, with the Dow, S&P 500, and Nasdaq each posting weekly gains exceeding 1%.
Global markets turned cautious ahead of the high-stakes meeting between former President Donald TRUMP and Russian President Vladimir Putin in Alaska. The talks, aimed at addressing the Ukraine conflict, could have far-reaching implications for oil prices, defense sectors, and currency markets. Investors are balancing these geopolitical risks against uneven economic data from major economies.