Dow Jones gained 834.92 points, S&P – 95.95 points, Nasdaq – 221.03 points.
Key indexes on the New York Stock Exchange rose significantly on Friday amid the introduction of new U.S. sanctions against Russia. This is evidenced by the data posted on the website of the trading platform.
The Dow Jones industrial index rose by 834.92 points (2.51%) to 34,058.75 points. CNBC notes that the Dow Jones on Friday showed the strongest daily growth since November 2020.
The S&P 500 index gained 95.95 points (2.24%), to the level of 4,384.65 points. The Nasdaq electronic exchange index rose by 221.03 points (1.64%) to 13,694.62 points.
Thus, the indices largely played back the fall provoked by the beginning of the Russian military operation in Ukraine. “There is chaos on the battlefields, but there is complete certainty about sanctions, and this gives confidence to the markets,” said Jeff Kleintop, a leading investment analyst at Charles Schwab. According to Sanctuary Wealth specialist Jeff Kilburg, market players “overreacted to the Ukrainian crisis”, which provoked a situation in which the securities exchange rate was too low.