Thursday, October 23, 2014
Loading...





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.


Recommended for You


 In this June 5, 2014 photo, people walk in front of a Yahoo sign at the company's headquarters in Sunnyvale, Calif. Yahoo Inc. reports quarterly financial results on Tuesday, Oct. 21, 2014. (AP Photo/Marcio Jose Sanchez)

Posted 1 hour ago
 10ThingstoSeeSports - Crystal Palace's Fraizer Campbell, left, competes for the ball with Chelsea’s Thibaut Courtois during their English Premier League soccer match at Selhurst Park, London, Saturday, Oct. 18, 2014. (AP Photo/Tim Ireland, File)

Posted 1 hour ago
Back to top ^