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S&P Nears Record High on M&A Activity, Likely EU Aid for Ukraine

The S&P broke its record high during Monday's session but closed slightly below this level amid ongoing M&A activity and poor economic reports blamed on unseasonably bad weather. Aid from the European Union seems likely for the Ukraine after its President was ousted, calming fears of further instability across the Eurozone. Traders said there was no one factor that bolstered US markets, simply fewer reasons to be pessimistic on the outlook. Meanwhile, earnings continue to beat expectations for the fourth quarter. TheStreet's Jane Searle speaks to Seaport Securities' Jason Weisberg at the NYSE.