US benchmark equity indexes ended higher Friday even after President Donald Trump's meeting with his Ukrainian counterpart, Volodymyr Zelenskyy, ended in a heated argument between the two sides.
* Zelenskyy left the White House Friday after talks with Trump collapsed, CNBC reported. The US wants access to Ukraine's rare earth minerals as part of a broader effort to end the conflict between Ukraine and Russia.
"Much was learned that could never be understood without conversation under such fire and pressure," Trump said in a Truth Social post. "I have determined that President Zelenskyy is not ready for peace if America is involved, because he feels our involvement gives him a big advantage in negotiations."
* The Federal Reserve's preferred core measure, which excludes food and energy, decelerated to 2.6% in January from 2.9% the month before. Sequentially, the core measure accelerated to a 0.3% gain. Both figures were in line with analysts' expectations.
"Broadly speaking, US households remain in good financial shape, supported by a still-healthy labor market and a significant wealth cushion," TD Economics said. "As long as this remains the case, we expect real consumer spending to stay resilient this year, with growth moderating to around 2%."
* April West Texas Intermediate crude oil closed down $0.33 to settle at $70.02 per barrel, while April Brent crude, the global benchmark, was last seen down $0.86 to $73.18 amid market uncertainty over the impact of U.S. President Donald Trump's decision to impose a 10% tariff on oil and gas imports from Canada, its largest supplier, while tightening sanctions on Venezuela and Iran.
* AES (AES) shares were up over 11% as the company outlined an upbeat full-year earnings outlook following a quarterly beat.
* Dell Technologies (DELL) shares sank nearly 5%. The computer maker late Thursday logged stronger-than-expected fiscal Q4 earnings, though its revenue fell short of Wall Street's estimates.
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