US Stock Market Closing Bell: Dow makes 601-point comeback after Trump-triggered turmoil; NVIDIA, Goldman jump

US Stock Market Close (February 28), Dow Jones, S&P 500, Nasdaq: Wall Street shares staged a strunning across-the-board recovery on Friday, with stocks like NVIDIA, Goldman Sachs, Amex, JPMorgan and Apple rising 2-4 per cent, after US President Donald Trump’s latest remarks on his planned tariffs for America’s major trade partners and worse-than-expected jobless claims data kept investors on tenterhooks the previous day. All sectors witnessed buying, with spaces like consumer staples, consumer discretionary, energy, financial, healthcare and industrial being at the forefront of the bounceback.

Uncertainty surrounding Trump’s announcements this month has created ripples across major markets around the globe, including his threat to impose 25 per cent tariffs on imports from the EU.

US Stock Market on Monday, February 28 | Here is how Dow Jones, S&P 500 & Nasdaq fared at the closing bell

• DJIA: up 601.4 points, or 1.4 per cent, at 43,840.9
• S&P 500: up 92.9 points, or 1.6 per cent, at 5,954.5
• Nasdaq Composite: up 302.9 points, or 1.6 per cent, at 18,847.3

Donald Trump meets Volodymyr Zelenskiy

A meeting between Trump and Ukraine President Volodymyr Zelenskiy ended without what could have been a crucial deal for both sides to jointly develop natural resources, after the two leaders exchanged verbal blows at the White House.

The event added to uncertainty over Ukraine’s war with Russia for investors already worried about red-hot consumer prices in the US.

ALSO READ: Trump’s Tariff Shock | Market guru Anil Singhvi explains potential impact on India’s pharma & auto sectors 

Top Dow Gainers vs Losers

Except four, all stocks in the 30-scrip Dow universe closed in green territory.

Now, let’s take a look at the US technology-heavy Nasdaq basket. 

Top Nasdaq Gainers vs Losers

Here’s how some of the prominent names fared:

ALSO READ: ‘India won’t be spared from Washington’s reciprocal tariffs, I told Modi…,’ says Donald Trump; Musk criticises Biden administration

With inputs from agencies

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