U.S. Stocks Rebound Amid Geopolitical Fears Over Russia-Ukraine Conflict
On Tuesday, U.S. stock markets saw a rollercoaster session as geopolitical worries over Russia-Ukraine tensions dominated investor sentiment. Early fears of nuclear escalation led to significant declines, but the S&P 500 and Nasdaq managed to recover, closing slightly above their lows.
The Dow Jones Industrial Average (^DJI) dropped 0.5%, while the S&P 500 (^GSPC) bounced back after dipping below key support levels. Meanwhile, the Nasdaq Composite (^IXIC) gained 0.5%, driven by resilience in tech stocks.
The market reaction followed reports of Russian President Vladimir Putin revising nuclear policies, potentially escalating military risks. This news overshadowed key corporate developments, including Nvidia’s earnings, which are set to reflect the impact of the AI boom.
Safe-haven assets like gold surged 0.5% to trade above $2,600 an ounce, while U.S. Treasury yields dropped as bond prices climbed. Bitcoin also saw gains, rising over 1% to surpass $92,600.
Despite the global uncertainties, Wall Street awaits Nvidia’s performance report on Wednesday, a critical measure for gauging AI-driven market dynamics. This sentiment highlights the balancing act between geopolitical risks and economic optimism in today’s market.
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