Wall St ends higher after Ukraine concerns ease
Published on Aug 15, 2014 5:27 AM
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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