Wall Street Opens Higher After Putin Says No Plans for Further Troop Mobilization

Russian President Vladimir Putin gestures during a press conference after attending a summit with leaders of post-soviet countries of the Commonwealth of Independent States (CIS) in Astana, Kazakhstan on Oct. 14, 2022. Valery Sharifulin/SPUTNIK/AFP via Getty Images

Wall Street opened higher on Friday after Russian President Vladimir Putin denied further plans for more troop mobilization in the Ukraine conflict.

However, the market later tumbled after major banks reported a drop in earnings.