US STOCKS-Wall St climbs as Ukraine worries ease, data improves

lunes 17 de marzo de 2014 16:20 GYT
 

* S&P 500 bounces from biggest weekly decline in seven

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* JA Solar soars after results, forecast

* Indexes up: Dow 1.13 pct, S&P 0.96 pct, Nasdaq 0.81 pct

By Chuck Mikolajczak

NEW YORK, March 17 (Reuters) - U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown.

The 97-percent vote in Crimea in favor of quitting Ukraine was condemned as illegal by Kiev and the West, but the referendum passed without violence.

In response, the United States and European Union imposed personal sanctions on Russian and Crimean officials involved in the seizure of Crimea. Russian President Vladimir Putin signed a decree recognizing the region as a sovereign state.

The geopolitical tension had weighed on equities last week, with the S&P 500 falling 2 percent and the CBOE Volatility index jumping to its highest since early February on Friday.   Continuación...