Risk Trade Returns As Stocks Advance on Ukraine Negotiations
Stocks were sharply higher Monday, with easing geo-political pressures rekindling demand for global equities. Ongoing negotiations between Russian and Ukraine foreign ministers and the possibility for peace in the region fueled today's triple-digit gain in the Dow Jones Industrial Average, and elevated the S&P 500 through key technical resistance at its 1960 and 1965 levels. Bullish housing market data today, coupled with expectations the Federal Reserve will continue to endorse an accomodative monetary policy during its annual economic conference this week in Jackson Hole, Wyo., also were contributing Monday's firm tone.
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