Loading…
Wednesday, July 30, 2014
Current Weather
Loading Current Weather....
Published: Tuesday, 3/4/2014

Stocks surge as tensions ease in Ukraine

ASSOCIATED PRESS
Markets climbed despite standoff overseas. Markets climbed despite standoff overseas.
ASSOCIATED PRESS Enlarge

NEW YORK -- Stocks surged Tuesday after Russia pulled its troops back from the border of Ukraine.

The Dow Jones industrial average jumped 227 points, or 1.4 percent, to close at 16,395.

The Standard & Poor’s 500 index set another record high following a slump the day before. The S&P 500 rose 28 points, or 1.5 percent, to 1,873. The Nasdaq composite rose 74 points, or 1.8 percent, to 4,351.

Traders were relieved that Russian President Vladimir Putin ordered troops participating in military exercises near Ukraine to return to their bases.

Small-company stocks rose even more than the rest of the market as investors moved money into riskier assets. That shift also pushed the prices of bonds and gold lower.

The yield on the 10-year Treasury note rose to 2.70 percent.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories