U.S. stocks ended higher on Friday after a volatile session, as investors weighed the fallout from a disastrous White House meeting between President Donald Trump and Ukrainian President Volodymyr Zelenskyy.
The high-profile diplomatic spat rattled markets early in the day, sending the S&P 500 lower as investors feared renewed instability in Ukraine’s war with Russia. However, tech stocks rebounded, helping Wall Street regain momentum by the close.
The S&P 500 rose 1.59% to 5,954.50, the Nasdaq gained 1.63% to 18,847.28, and the Dow Jones climbed 1.39% to 43,840.91. Nvidia and Tesla both surged nearly 4%, offsetting losses in Dell (-4.7%) and HP Inc (-6.8%).
Zelenskyy left Washington without signing a key natural resources deal with the U.S., adding further uncertainty. “It was a heated moment that shook investor confidence, but ultimately, markets saw it as political noise,” said Adam Sarhan, CEO of 50 Park Investments.
Economic data showed inflation in line with expectations, but a drop in consumer spending fueled concerns over potential stagflation. Investors remain cautious as the Federal Reserve weighs its next move on interest rates.
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