US STOCKS-S&P hits record as Ukraine-Russia tension eases

martes 4 de marzo de 2014 12:17 GYT

* Putin sees no need for military force in Crimea

* Disney shares jump on long-term deal with Dish

* Qualcomm increases repurchase program, dividend; shares jump

* Indexes up: Dow 1.2 pct, S&P 1.3 pct, Nasdaq 1.7 pct

By Rodrigo Campos

NEW YORK, March 4 (Reuters) - U.S. stocks rallied on Tuesday, with the S&P 500 at a record high, as fears of a confrontation between Russia and Ukraine eased and Russian President Vladimir Putin said there was no need to use military force in the Crimea region for now.

Putin also ordered troops involved in a military exercise near the Ukrainian border back to their bases as he sought to ease tensions a day after Russian stocks, bonds and currency were hammered.

Investors' flight to safety was reversed on Tuesday, with global stocks higher while gold, the Japanese yen and Treasuries prices fell. Crude oil prices, up more than 2 percent on Monday on Russia's standing as top exporter, reversed some of last session's gain.

"In the short term, the market always over reacts," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.   Continuación...