Market Reacts to High-Stakes Diplomacy

As the eyes of the world turned towards Anchorage, where United States President Donald Trump and Russian President Vladimir Putin began their summit, Wall Street responded with caution. The meeting, notable for its unique "three-on-three" format, saw key figures from both nations coming together in a bid to address pressing global issues.

Key Players at the Summit

On the US side, Secretary of State Marco Rubio and Special Envoy Steve Witkoff joined President Trump, while Russia was represented by Foreign Minister Sergey Lavrov and Presidential Aide for Foreign Policy Yuri Ushakov. The summit commenced shortly after a firm handshake between the two leaders on the Elmendorf–Richardson base runway, setting the tone for the discussions ahead.

Market Performance at a Glance

The Nasdaq 100 and the S&P 500 saw declines of 0.51% and 0.29% respectively, with Applied Materials leading the downturn with a significant 14.07% drop. Meanwhile, the Dow Jones Industrial Average remained flat. In currency markets, the euro gained 0.46% against the dollar, trading at 1/17011 by the close.