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Wall St ends higher after Ukraine concerns ease

Published on Aug 15, 2014 5:27 AM
 
A Ukrainian serviceman rides on an armoured vehicle during a patrol in the eastern Ukrainian town of Vuhlehirsk on August 14, 2014. Conciliatory comments from Russia helped ease US market concerns about an escalation of the conflict in Ukraine and offset some uninspiring earnings. -- PHOTO: REUTERS

NEW YORK (REUTERS) - US stocks advanced on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings.

Gains were broad, with all but one of the S&P's 10 primary sector indexes rising for the day. An S&P index of health-care stocks gained 1.2 per cent and led the advance, while an index of energy stocks dragged, slipping 0.5 per cent.

Russian President Vladimir Putin said Russia would stand up for itself but not at the cost of confrontation with the outside world, striking a softer tone after tough rhetoric aimed at Ukraine for several months.

The market had been pressured in recent weeks by uncertainty over the conflict.

 
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