U.S. Stocks Near Two-Week High as Crude Gains Amid Syria Tension
- Major escalation in feud over Russian plane unlikely: analysts
- Greenback snaps advance amid decline in consumer confidence
Putin: Won't Tolerate Crimes Such As Warplane Crash
Stocks recovered early losses amid signs that Russia’s response to Turkey’s downing of a warplane near its border with Syria won’t include the military. The prospect of lingering regional tension ignited gains in oil and fueled demand for gold as a haven investment.
The Standard & Poor’s 500 Index closed up 0.1 percent near its highest level since Nov. 6 after Russian President Vladimir Putin stopped short of threatening a military response to the incident. European stocks slipped as the first clash of foreign powers embroiled in the Syrian civil war sparked concern tensions will escalate. Gold gained for the first time in three sessions and Treasuries held gains, while the dollar retreated. Copper rebounded.