S&P 500 Rise Most Since March as Tensions Ease on Ukraine
This article is for subscribers only.
U.S. stocks rose, with the Standard & Poor’s 500 Index climbing the most in five months to erase a weekly loss, as signs that tensions are easing in Ukraine outweighed concern over crises in the Middle East.
Gap Inc. advanced 5.9 percent as the retailer’s earnings and revenue topped estimates. Coach Inc. added 5.4 percent to lead a rally in apparel companies. Zynga Inc. tumbled 1.4 percent after cutting its full-year outlook. News Corp. slid 1.6 percent after fourth-quarter earnings missed estimates as the company struggled in its transition from print to digital.