US STOCKS-S&P 500 at record as Ukraine-Russia tensions ease

martes 4 de marzo de 2014 14:52 GYT
 

* Putin sees no need for military force in Crimea

* Disney shares jump on long-term deal with Dish

* RadioShack closing 1,100 stores after sales tumble 20 pct

* Indexes up: Dow 1.4 pct, S&P 1.6 pct, Nasdaq 1.8 pct

By Angela Moon

NEW YORK, March 4 (Reuters) - U.S. stocks rose 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.

The gains follow hefty losses in U.S. equities and other risky assets on Monday. Global stocks rebounded while gold, the Japanese yen and Treasuries prices fell. Crude oil prices, up more than 2 percent on Monday, reversed some of that session's gain.

Putin 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.

"In the short term, the market always over reacts," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Forrest said she expects volatility to return to the market as the situation in Ukraine remains fluid.   Continuación...