Dow Jumps 300 Points, Oil Prices Fall After Ukraine-Russia Ceasefire Talks—But War Still Poses ‘Unsettling’ Risk For Stocks

The stock market climbed for a fourth-straight day Tuesday morning as promising geopolitical developments helped bolster investor sentiment and drive gains in recently struggling technology stocks, but some experts warn the recovery could be short-lived if signs of escalating conflict between Russia and Ukraine arise again.... [+]The Dow Jones Industrial Average climbed 350 points, or 0.8%, to 35,304 on Tuesday morning, while the S&P 500 and tech-heavy Nasdaq jumped 0.8% and 1.

A slew of travel and leisure stocks headed up the market Tuesday morning, with Norwegian Cruise Line, Delta Air Lines and United Airlines up more than 3% apiece. In a morning note, market analyst Tom Essaye of The Sevens Report attributed the gains to progress in ceasefire talks between Russia and Ukraine, with Moscow officialsearly Tuesday they would"drastically reduce" military activity near the cities of Kyiv and Chernihiv “in order to increase mutual trust and create the necessary conditions for further negotiations.”

The promising development helped boost risky tech stocks in particular, Essaye noted, as Chinese ecommerce giant JD.com surged nearly 8%, while NXP Semiconductors and Zoom Video Communications jumped about 3% apiece. Also reflecting the shifting sentiment, oil prices plummeted Tuesday morning after reports of the ceasefire talks, with the price of U.S. benchmark West Texas Intermediate falling nearly 6% to less than $100 for the first time in almost two weeks, continuing a decline that's pushed prices down about 20% from a 13-year high earlier this month.

Война еще не закончилась (

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks jump helped by Tesla and meme leaders AMC, GameStopInvestors eye a busy week for economic data as the month of March winds down.
Source: FoxNews - 🏆 9. / 87 Read more »

Investing Club: Here are two ways to value stocks and they both hinge on interest ratesOne of the ways to be more prepared to navigate future market turmoil is to understand how stocks are valued.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 is dropping but clings to 4500, as US stocks opened mixedUS equities are trading mixed after Wall Street’s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing b
Source: FXStreetNews - 🏆 14. / 72 Read more »

Goldman cuts chip sector EPS estimates, downgrades several semi stocks on 'challenging' economyGoldman Sachs cut the earnings estimates across the chip and chip-equipment sector to start the week, citing a 'more challenging macro backdrop.'
Source: CNBC - 🏆 12. / 72 Read more »

Japanese stocks set for lower start; data shows China's industrial profits roseProfits at China's industrial firms rose 5.0% for the January to February period as compared with a year earlier, according to data released Sunday.
Source: CNBC - 🏆 12. / 72 Read more »