US STOCKS-Wall St rallies as Ukraine-Russia tensions ease

martes 4 de marzo de 2014 16:41 GYT

* Putin says use of military force would be last resort

* 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 1.5 pct, Nasdaq 1.7 pct

By Angela Moon

NEW YORK, March 4 (Reuters) - U.S. stocks rallied on Tuesday, with the S&P 500 at a record high, as fears eased of a confrontation between Russia and Ukraine 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.

"Monday's selling and Tuesday's stark reversal have become commonplace in traders' calendars in 2014," said Andrew Wilkinson, chief market analyst at Interactive Brokers LLC in Greenwich, Connecticut.

"Investors have clearly got an appetite for equities displaying strong momentum no matter whether geopolitical risks or fears for the health of the recovery stand in their path."   Continuación...