US STOCKS-Wall St up for 2nd day as Ukraine tensions ease

lunes 11 de agosto de 2014 10:13 GYT

* Fischer says U.S. recovery has been "disappointing"

* MannKind signs agreement with Sanofi, shares jump

* Kinder Morgan up on $70 bln deal to consolidate assets

* Indexes up: Dow 0.3 pct, S&P 0.5 pct, Nasdaq 0.6 pct (Updates to market open, adds analyst comment)

By Ryan Vlastelica

NEW YORK, Aug 11 (Reuters) - U.S. stocks rose on Monday, extending Friday's sharp rally as concerns eased over both Federal Reserve monetary policy and the tense situation between Russia and Ukraine.

Vice Fed Chair Stanley Fischer said the recoveries in the U.S. and global economies had been "disappointing" thus far, indicating the Fed may not imminently tighten its monetary policy.

"It appears Fischer believes accommodative monetary policy can help keep cyclical slowdown factors from turning structural, which is dovish in the short run but argues for a potentially higher neutral rate than otherwise in the longer run," Credit Suisse analysts wrote in a note to clients.

The S&P 500 and Dow on Friday posted their best day since March on news that Russia was ending military drills near the Ukrainian border, a move that was seen as indicating Russia would not send troops into Ukraine anytime soon.   Continuación...