US STOCKS-Wall St edges up after Putin comments, Cisco falls

jueves 14 de agosto de 2014 10:09 GYT

* Putin remarks ease concerns over Ukraine escalation

* Cisco shares tumble after results, outlook

* Jobless claims rose more than expected in latest week

* Dow up 0.1 pct, S&P and Nasdaq up 0.2 pct (Updates to market open)

By Ryan Vlastelica

NEW YORK, Aug 14 (Reuters) - U.S. stocks edged higher on Thursday after conciliatory comments by Russian President Vladimir Putin eased concerns about the country's tense situation with Ukraine and overshadowed signs of weakness in the European economy.

Addressing Russian ministers and members of parliament in Crimea, Putin said Russia would stand up for itself but not at the cost of confrontation with the outside world, a conciliatory note after months of tough rhetoric over the crisis in Ukraine.

Trading has largely been driven by uncertainty over the conflict between Russia and Ukraine of late, with many traders concerned about the potential fallout of any dramatic escalation.

"The situation in Ukraine will only become a problem if it gets much worse, and right now it doesn't seem like that's going to be the case, which is helping the market hang in there," said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago.   Continuación...