US stocks closed higher on Friday, with the S&P 500 and Nasdaq each up 1.6%, while the Dow gained 601 points. Investors weighed a tense exchange between President Donald Trump and Ukraine's Volodymyr Zelenskyy in the Oval Office. Vance called Zelensky "disrespectful," while Trump accused Zelensky of "gambling with World War III." Trump's tariff threats also rekindled warnings of retaliation from China, raising uncertainty, especially in Big Tech. Economic data sent mixed signals: Core PCE inflation eased to 2.6% as expected, but consumer spending unexpectedly fell 0.2% in January. Nvidia rose 0.6%, recovering from an 8.5% drop on Thursday despite strong earnings. Tesla rose 2.1%, ending a six-day losing streak amid concerns that CEO Elon Musk's political stances were hurting sales. With volatility rising, the S&P 500 and Nasdaq posted their worst monthly declines since April 2024 and September 2023, down 2.2% and 4.9%, respectively, while the Dow dropped 1.6%.(Newsmaker23)
Source: Trading Economics
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