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VOL. 38 | NO. 32 | Friday, August 08, 2014

US stocks gain on signs of easing Ukraine tension

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NEW YORK (AP) — U.S. stocks are closing higher as investors were relieved by reports of easing tensions between Ukraine and Russia.

News reports said Russia had ended military exercises near Ukraine.

The Dow Jones industrial average rose 185 points, or 1.1 percent, to close at 16,553 Friday.

The Standard & Poor's 500 index rose 22 points, or 1.2 percent, to 1,931. The Nasdaq composite rose 35 points, or 0.8 percent, to 4,370.

The gain in the S&P 500 was the biggest since Mar. 4 and turned the index higher for the week.

Lululemon rose 3 percent after the company's founder agreed to sell half his stake as part of a deal to avert a battle for control.

Bond prices fell. The yield on the 10-year Treasury note edged up to 2.42 percent.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0