The Dow Jones Industrial Average rose 256.26 points, or 0.74%, to 34,737.02.
“The read out from the meeting was as expected,” said Art Hogan, chief market strategist at National Securities in New York regarding the Xi/Biden talks.“Regarding Russia, Ukraine, the market has been more positive on news from the diplomatic front than negative on the escalation.”“Instead of having fears and trepidation of what the Fed might do we have clear road map for monetary policy,” Hogan said.
“Does the market like oil around $100? No. But is it happier that it’s around $100 than going up $20 every day? Of course.”
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