The three major stock indices on the New York Stock Exchange successfully rebounded. U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky publicly clashed on the issue of Ukraine's peace negotiations on the 28th (local time), but the New York Stock Exchange closed up.

On that day, the Dow Jones Industrial Average closed at 43,840.91, up 601.41 points (1.39%) from the previous session.

Illustration=ChatGPT DALL·E 3
Illustration=ChatGPT DALL·E 3

The Standard & Poor's (S&P) 500 index closed at 5,954.50, up 92.93 points (1.59%), while the technology-focused Nasdaq composite index closed at 18,847.28, up 302.86 points (1.63%).

On that day, Trump discussed issues such as Ukraine's war solution and mineral equity with Zelensky at the White House. Trump, who loudly argued with Zelensky in front of the press, continued to clash during the 45-minute meeting, resulting in a breakdown of negotiations.

Immediately after the meeting, Trump revealed on his social media platform Truth Social that he determined "President Zelensky was not ready to achieve peace with U.S. involvement," stating, "He ignored the U.S. from his precious office. He can come back when he is ready for peace."

Following this news, the stock index also plunged sharply, giving back all intraday gains. However, buying interest revived in the afternoon, and the market showed a surge toward the end of the session.

The personal consumption expenditures (PCE) price index for January, which the U.S. Federal Reserve (Fed) is closely watching, aligned with market expectations, showing a stable trend.

The January PCE price index announced by the U.S. Department of Commerce rose 0.3% from the previous month and 2.5% from the same period last year, meeting expert estimates. The core PCE, excluding volatile food and energy prices, also rose 0.3% from the previous month and 2.6% year-over-year, similarly aligning with expert estimates.

All members of the tech giant group "Magnificent 7" saw gains. Nvidia, which had plummeted over 8% the previous day, rebounded nearly 4%, and Tesla rose by 3.91%. Apple, Microsoft, Amazon, Meta, and Alphabet also all posted increases around 1%.

According to the Chicago Mercantile Exchange (CME) FedWatch Tool, the likelihood of the benchmark interest rate being held steady in the first half of the year dropped to 19.4% amid growing concerns about economic slowdown, down from 30.1% at the close of the previous day. Meanwhile, the probability of a 50 basis point increase rose from 16.0% to 22.2%.

The Chicago Board Options Exchange (CBOE) Volatility Index (VIX) recorded 19.63, down 1.50 points (7.10%) from the previous session.