Stocks End Higher as Ukraine Tensions Ease
U.S. Market
Stocks rose today amid signs of easing tensions between Russia and Ukraine.
Treasury prices fell on the day with the yield on the 10-year Treasury bond rising up to 2.39% after hitting a 14-month low on Friday.
Home builder confidence rose in August according to a survey released by the National Association of Home Builders today. The reading of 55 was above analyst expectations of 53 and shows that most homebuilders see conditions in the single-family new home market as good today.
At market close the Dow, S&P 500 and Nasdaq were up 1.1%, 0.9% and 1.0% respectively.
Stocks on the Move
The battle for Family Dollar (FDO) heated up this morning after Dollar General (DG) made a $9 billion cash offer for the company. The move comes after Dollar Tree (DLTR) made an $8.5 billion cash and stock offer for Family Dollar last month. Family Dollar shares rose nearly 5% on the news, Dollar General was up over 11% while Dollar Tree was off 2.4%.