US STOCKS-Wall St rebounds but caution prevails on Ukraine

viernes 14 de marzo de 2014 13:14 GYT

* Caution ahead of Sunday's referendum in Crimea

* U.S. consumer sentiment slips; bad weather eyed

* General Mills warns profit hit by competition

* Indexes up: Dow 0.2 pct; S&P 0.2 pct; Nasdaq 0.1 pct

By Angela Moon

NEW YORK, March 14 (Reuters) - U.S. stocks were slightly higher on Friday, recovering from their worst session since early February, but investors were reluctant to make big bets ahead of a referendum in Crimea this weekend.

The S&P 500 was below a key technical support level of 1,850 for the second day. Curbing investors' enthusiasm for equities, Russia's navy said fighter jets had started training exercises over the Mediterranean Sea, an announcement likely to raise tensions in the standoff with Ukraine.

Global equity markets were pressured, while gold and the yen strengthened as traders flocked into the safe-haven assets.

The CBOE Volatility index VIX, Wall Street's so-called fear gauge, rose 3.9 percent to 16.81. A key emerging market exchange-traded fund, the iShares MSCI Emerging Markets ETF, gained 0.9 percent to $38.54 after falling nearly 2 percent in the previous session.   Continuación...