The New York Stock Exchange index rose as geopolitical tensions between Russia and Ukraine eased somewhat.
The Standard & Poor’s 500 index closed at 4,631.6, rose △56.08 points (1.23 percent) from the previous day on the New York Stock Exchange (NYSE).
The NASDAQ 100 index closed at 15,239.32, up △251.91 points (1.68%) from the previous day.
The tech-oriented NASDAQ Composite Index closed at 14,619.64, up △264.73 points (1.84%) from the previous day.
The Dow Jones Industrial Index closed at 35,294.19, up △338.3 points or 0.97 percent from the previous day.
The Russell 2000 index, which reflects small and medium-sized stocks, rose △52.94 points (2.55%) from the previous day to 2,131.
The CBOE VIX volatility index closed at 18.9, down ▽0.73 points (-3.72%) from the previous day.
Investors watched news of easing tensions between Russia and Ukraine, movements in government bond rates, and economic indicators.
Expectations for a ceasefire rose as Russia’s fifth round of peace talks between Ukraine was said to have been constructive, and Russian troops said they would significantly reduce military activities.
Risk-preferred sentiment has been strengthened by the news.
The movement of government bond rates is also a sector that the market is paying attention to.
Following the reversal of 5-year government bond rates and 30-year government bond rates the previous day, 2-year and 10-year government bond rates reversed for the first time since 2019.
If short-term interest rates fall below long-term interest rates and yields reverse, the market accepts them as a precursor to the economic recession.
Experts also believe that the U.S. economy is unlikely to fall into a recession immediately. However, the debate over the economic downturn is expected to continue given that there have been several economic downturns since the reversal of yields.
The U.S. economic indicators were generally positive following NYSE index rose.