Stocks Rise as Easing Tensions in Ukraine Fuel Broad-Based Rally; Financial Stocks Pace Market Gains

By
A A A

Stocks closed sharply higher Monday, carried by easing geo-political pressures between Russian and Ukraine. Equilities also found support from bullish housing data and the start of a potential bidding war for Family Dollar ( FDO ) by Dollar General ( DG ), which upstaged an earlier $9.2 billion offer for discount retailer by Dollar Tree ( DLTR ). Nine of the 10 industry sectors in the S&P 500 finished higher, led by shares of financial companies, while utility stocks were the loan decliners as investors sought out riskier assets.



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

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: FDO , DG , DLTR

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

75,031,044
  • $16.26 ▲ 0.31%
64,683,841
  • $99.76 ▲ 2.14%
44,561,744
  • $14 ▼ 6.23%
37,984,130
  • $27.93 ▲ 0.36%
36,148,020
  • $94.39 ▲ 1.49%
33,981,456
  • $22.93 ▼ 1.38%
33,971,527
  • $44.08 ▲ 1.03%
33,685,322
  • $76.95 ▲ 1.32%
As of 10/20/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com