Tuesday, September 16, 2014
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US stocks gain on signs of easing Ukraine tension

US stocks close higher, turn positive for the week, on hopes of easing tensions in Ukraine
Posted on Aug. 8, 2014 at 12:00 a.m. | Updated on Aug. 8, 2014 at 4:18 p.m.

NEW YORK (AP) — U.S. stocks are closing higher as investors were relieved by reports of easing tensions between Ukraine and Russia.

News reports said Russia had ended military exercises near Ukraine.

The Dow Jones industrial average rose 185 points, or 1.1 percent, to close at 16,553 Friday.

The Standard & Poor’s 500 index rose 22 points, or 1.2 percent, to 1,931. The Nasdaq composite rose 35 points, or 0.8 percent, to 4,370.

The gain in the S&P 500 was the biggest since Mar. 4 and turned the index higher for the week.

Lululemon rose 3 percent after the company’s founder agreed to sell half his stake as part of a deal to avert a battle for control.

Bond prices fell. The yield on the 10-year Treasury note edged up to 2.42 percent.




 FILE - In this Tuesday, Dec. 11, 2012 file photo, Jack Riley, head of the Drug Enforcement Administration in Chicago, stands in his downtown office. Riley who has been outspoken about the growing influence of Mexican cartels in the American heartland is leaving Chicago to take one of the agency's top posts in Washington, D.C. Riley has been named as the DEA's new chief of operations and will be responsible for overseeing all agency law enforcement within the United States and internationally. (AP Photo/M. Spencer Green, File)

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 Kate Stonecypher, 22, walks through the burned remains of her home, Tuesday, Sept. 16, 2014,  that was destroyed by the Boles Fire, in Weed, Calif.  The fire swept through the area Monday destroying more than 100 buildings, including two churches and burning more than 300 acres. (AP Photo/Rich Pedroncelli)

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