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17 Mar 2014
Wall Street digested well Crimea vote and closes positive
FXStreet (San Francisco) - US stocks traded higher on Monday as investors are digesting well the Ukraine vote and developments in Russia. The Dow Jones finally stopped its 5-day losing streak and it closed with a triple-digit gain.
Economic data also fueled risk appetite as Industrial production and the Capacity Utilized in US posted stronger than expected numbers in February. The gold and oil posted strong losses in the day.
The Dow Jones rallied 181.55 points or 1.13% to finish the session at 16,247.22; the S&P 500 advanced 17.70 points or 0.96% to end the day at 1,858.83; and the Nasdaq Composite added 34.55 pts or 0.81% to wrap up at 4,279.95.
Economic data also fueled risk appetite as Industrial production and the Capacity Utilized in US posted stronger than expected numbers in February. The gold and oil posted strong losses in the day.
The Dow Jones rallied 181.55 points or 1.13% to finish the session at 16,247.22; the S&P 500 advanced 17.70 points or 0.96% to end the day at 1,858.83; and the Nasdaq Composite added 34.55 pts or 0.81% to wrap up at 4,279.95.