U.S. Markets closed

Stocks Rise as Ukraine Tensions Ease

Jeremy Glaser

U.S. Market
Stocks rose this morning amid signs of easing tensions between Russia and Ukraine.

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 midday the Dow, S&P 500 and Nasdaq were up 1.0%, 0.8% and 0.9% 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 almost 10% while Dollar Tree was off 2%.

Foreign Markets
European markers were higher today on easing Ukraine tensions. In late trading, the FTSE 100, Paris CAC and Germany’s DAX were up 0.8%, 1.3% and 1.8% respectively.

Asian shares were mostly higher o the day too. The Shanghai Composite was up 0.6% while the Nikkei 225 and Hang Seng were both unchanged.

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