US STOCKS-Wall St rises despite Iraq air strikes; indexes off for week

viernes 8 de agosto de 2014 12:29 GYT

* Benchmark Treasury yield at 14-month low

* Tekmira jumps as FDA modifies Ebola treatment status

* Indexes up: Dow 0.5 pct, S&P 0.5 pct, Nasdaq 0.3 pct (Updates prices, changes comment)

By Rodrigo Campos

NEW YORK, Aug 8 (Reuters) - U.S. stocks rose on Friday, with high dividend-paying utility stocks leading gains and benchmark Treasury yields at a 14-month low, even as U.S. air strikes in Iraq added to a string of geopolitical uncertainties.

The rise of an eastern Ukraine native as leader of separatists in their stronghold of Donetsk on Thursday and a report that Russia was aiming to de-escalate the conflict in Ukraine helped spark the rebound after futures tumbled overnight, market participants said.

U.S. warplanes struck Iraq Friday for the first time since American troops pulled out in 2011, attacking Islamic militants after President Barack Obama said Washington must act to prevent a potential "genocide" of besieged minorities.

Markets had been on tenterhooks recently, with the S&P 500 set to close a second week of losses, after Russia banned the import of Western foods in retaliation for sanctions over Moscow's support of Ukrainian separatists.

"We've had a nice correction, you have the 'buy the dip' people coming in, but it remains to be seen whether this is the start of a more severe correction or another buying opportunity," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.   Continuación...