Stocks Rally As Ukraine Crisis Averted


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Stocks rallied and reversed all of Monday's losses after Russian troops retreated from their offensive positions in Crimea, calming global worries about a possible Russian invasion of Ukraine. Investors poured back into equities in the U.S. and Europe, chasing the S&P 500 to another record high and the Dow Industrials up by more than 200 points.

Safe-haven assets such as government bonds and precious metals gave back yesterday's gains, while oil prices fell as the likelihood for a disruption in supply was alleviated by the ease in tensions between Russia and the West.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities

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