February 28 US stocks saw significant movement ๐, with Wall Street closing higher despite early volatility triggered by a tense White House meeting between U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy.
Oil prices fell as concerns grew over geopolitical uncertainty. The White House confrontation, new tariffs, and Iraqโs resumption of oil exports from Kurdistan played key roles.
Despite early market fears, U.S. stock indices rebounded strongly:
„The market initially panicked, but cooler heads prevailed,” said Adam Sarhan, CEO of 50 Park Investments.
Bitcoin and other cryptocurrencies dropped as investors reacted to political uncertainty. Bitcoin fell 0.18% to $84,138.56.
European shares ended flat but logged another weekly gain. Meanwhile, U.S. Treasury yields hit multi-month lows after inflation data showed a slight cooling:
Tariff concerns loomed as President Trump announced:
Investors remain cautious. Increased tariffs could fuel inflation and slow economic growth.
Geopolitical tensions, inflation data, and tariff risks keep markets volatile. Investors brace for more market swings. Stay tuned to CryptoX24 for the latest updates! ๐
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