U.S. Stocks Close Higher on Russia Deal

U.S. stocks closed sharply higher on Thursday as investors cheered a cease-fire agreement between Russia and Ukraine, amid firming oil prices and strong earnings reports.

“I think the market is taking its cue off Putin’s announcement of a cease-fire agreement,” said Peter Cardillo, chief market economist at Rockwell Global Capital. He also expected a compromise to come out of Greece and the euro zone soon.  The announcement of a deal between Russia and Ukraine came in early Thursday morning and sent futures higher.

Most analysts remained confident that a Grexit would not occur, although Greece was unable to reach a deal with the European Union to stay in an EU bailout program, the Eurogroup’s Jeroen Dijsselbloem said on Wednesday. He noted talks will continue on Monday.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.