US stocks close higher. Ignore Trump vs Zelenskiy brouhaha

Taking its cue from the book “It can’t get any worse?”, the US stock market is closing higher despite the Trump vs Zelenskiy brouhaha in the Oval Office.

Despite the rebound, the broader S&P and Nasdaq indices are closing lower for the 2nd consecutive week.

The final nmbers for the day are showing:

• Dow industrial average closed up 600.49 points or 1.39% at 43839.99.
• S&P closed up 92.82 points or 1.58% at 5954.39
• Nasdaq closed up 302.86. or 1.63 percent at 18847.28
• Russell 2000 closed up 23.40 points or 1.09% at 2163.06

For the trading week:

• Dow industrial average closed up 0.95%
• S&P index closed lower by -0.98%
• NASDAQ index closed lower by -3.47%
• Russell 2000 fell -1.47%

The Oval Office showdown was extraordinary and leaves a lot of questions unanswered, but assuming calmer minds prevail there can only be good news ahead… I think. The other question is how bad does relations with the EU get and what might that lead to?

Of course on Tuesday, tariffs on Mexico and Canada (and China) are expected to start. Will they be delayed? Adam speaks to it in his post HERE.

This article was written by Greg Michalowski at www.forexlive.com.