NEW YORK (TheStreet) -- U.S. stocks finished well off their intraday highs Monday, barely able to sustain their midday gains.
The S&P 500 was up 0.28% to 1,936.92. The Dow Jones Industrial Average
Markets took a breather from geopolitical concerns Monday. Russia appeared to step back from the brink over Ukraine and there were hopes that U.S. airstrikes in Iraq may have slowed the advance of Islamist rebels there. A renewed three-day ceasefire between Israel and Hamas in Gaza also played a role in the improved mood.
In corporate news, jilted prospective acquirer 21st Century Fox
The stock has regained about 10% since the announcement it had abandoned its Time Warner bid and following a strong fourth quarter, though remains about 1% lower since news of its proposal broke a month earlier.
--By Andrea Tse in New York
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