US stocks close higher after Russia's partial withdrawal

By Gokhan Ergocun

ISTANBUL (AA) - After Russia announced a partial withdrawal from its border with Ukraine on Tuesday, world markets posted positive signals, including US stocks.

Moscow announced that some of its troops were returning to bases after completing training exercises near the Ukrainian border.

Markets, which have been experiencing volatility with invasion talk in recent days, appeared to be relaxed, even forgetting the inflation agenda.

Commodity prices also posted declines after positive developments in Russia.

The blue chip Dow Jones industrial average ended up 1.22%, or 422.67 points, at 34,988.84.

The S&P 500 gained 69.4 points, or 1.58%, to close at 4,471.07.

The tech-heavy Nasdaq also was up 348.84 points, or 2.53%, at 14,139.76.

While Asian markets closed with mixed figures, European markets ended the day higher.

Turkiye's Borsa Istanbul was also up, closing at 2,038.16 points, increasing 1.81%.