Market Rebounds After a Week of Uncertainty

In a surprising turn of events, major U.S. stock equities closed higher on Friday, marking the end of a week filled with economic uncertainty and significant geopolitical developments. The markets, which had been trading in the red earlier in the week, showed signs of recovery as recession fears began to wane.

US-Russia Talks on Ukraine Ceasefire

Amid the financial market's recovery, the United States and Russia continued their discussions on a potential 30-day ceasefire in Ukraine. This development comes after more than three years of conflict, offering a glimmer of hope for peace in the region.

Stock Market Performance

The Dow Jones Industrial Average saw a significant jump of 1.65%, while the Nasdaq 100 surged by 2.49%. The S&P 500 also experienced growth, closing up by 2.12%.

Currency Movements

On the currency front, the euro gained 0.28% against the dollar, trading at $1.08829 at 16:05 pm ET.

More updates to follow as the situation develops...