NEW YORK (dpa-AFX) – The positive momentum on the US stock exchanges at the start of the week continued on Tuesday thanks to signs of relaxation in the Ukraine war. A month after Russia’s war of aggression in Ukraine, there are signs of de-escalation between the two countries. After the most recent negotiations in Istanbul, Russia now wants to significantly reduce its “military activities” near Kyiv and Chernihiv.
The Dow Jones Industrial easily cleared the 35,000 point hurdle right at the start of trading and was up 0.97 percent to 35,294.19 points at the end of trading. The market-wide S&P 500 advanced by 1.23 percent to 4631.60 points. The tech-heavy Nasdaq 100 rose 1.68 percent to 15239.32 points, back to where it was around mid-January.
In the Ukraine war, “the next few days could be decisive,” as market analyst Craig Erlam from broker Oanda said. “The signs are promising, which is reflected in the markets today.” A Russian negotiator also hinted at the possibility of a meeting between the Russian and Ukrainian presidents. The US Department of Defense, however, was skeptical on Tuesday. The Pentagon sees the Russian announcement as a tactical maneuver and warns of a new military offensive in other parts of the country
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