February 25, 2022, 12:48pm
The stock market jumped on Friday, with the Dow surging nearly 800 points, on track for its best day so far in 2022.
Markets rebounded on Friday after it was reported that Russia is willing to negotiate with Ukraine.
The S&P 500 and the tech-laden Nasdaq were both up more than 2% on Friday.
Despite remaining on track for weekly losses, all three major indexes rose for a second day in a row, with markets getting a major boost from reports that Russian President Vladimir Putin may be open to talks with Ukrainian leadership.
A Kremlin official said Friday that Moscow is willing to send a delegation to the capital of Belarus for talks with the Ukrainians.
The move comes after Ukrainian President Volodymyr Zelenskyy reportedly offered for his country to have a non-aligned status with NATO.
The latest developments, which boosted U.S. stocks higher as investors hope for a quick resolution to the conflict, come even as Russian troops continued to advance on Kyiv, with reports that bombing of Ukraine's capital city intensified on Friday morning.
The recent surge in oil prices caused them to decline slightly on Friday, after briefly hitting the highest level in three years.
The S&P 500 moved higher on Friday, with financials, materials and consumer staples leading the benchmark index's gains.
The market is staging a very strong rally, with big out performance in value and cyclical stocks, as investors welcome headlines about possible Russia-Ukraine negotiations.
The three major indexes rebounded on Thursday, reversing steep declines even after Russia invaded Ukraine. Markets staged a stunning rebound as investors bought the dip after the stock market opened sharply lower.
Russia invading Ukraine has added to an already tense year, with investors selling first and asking questions later.
The UK says that the control of Kyiv has been retained by the Ukrainians.
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The stock market briefly fell into a bear market.
S&P 500 falls deeper into correction territory as Ukraine declares state of emergency.
The Federal Reserve is more important for stocks than the Russia-Ukraine Conflict.
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