After sharp losses during the session, U.S. equities staged a monster rally Friday with the Dow Jones Industrial Average rising over 834 points or 2.5% putting the benchmark on pace of the best day since late 2020. The S&P 500 rose 2.2% in a broad rally led by materials and financials. While the Nasdaq Composite added 1.
6% helped by large-cap tech leaders Apple, Amazon, and Microsoft. "You want to go back to first principles and think about the major things that drive stocks over longer periods of time" such as U.S. economic growth, monetary policy and corporate earnings all of which should not see a big impact from Russia Ukraine at the present time, excluding energy companies he noted.
Source: Financial Digest (financialdigest.net)
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