Shares of many financial stocks are rising today on media reports that Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky may be open to a potential compromise that would end the fighting in Ukraine that has now ensued for 12 days. The price of oil also dipped today after a relentless march higher in recent days that saw the price of U.S. crude oil rise to about $130 per barrel.
Shares of Mastercard (NYSE: MA) traded roughly 4.5% higher in the final hour of trading, while shares of the Dutch Bank ING Groep (NYSE: ING) had jumped nearly 10%. Shares of Goldman Sachs (NYSE: GS) were up about 4.3%.
Russia's invasion of Ukraine has created incredibly difficult market conditions, as the war threatens to slow global demand, and wide-ranging sanctions from the U.S. and Europe are starting to spill over and have a bigger impact globally.
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Why Shares of Mastercard, ING Groep, and Goldman Sachs Are Rising