Markets

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

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.

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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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