Stocks Bound Ahead, Dow Adds 227 Points, as Ukraine Fears Ease

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Stocks bounded ahead on Tuesday, with the Dow and S&P 500 recovering from their worst day for a month as concerns over Ukraine eased.

The Dow Jones Industrial Average, which had tumbled 153 points on Monday amid the Crimea tension, made back that deficit and more, closing 227 points, or 1.4 percent higher. The S&P 500 rose 28 points, or 1.5 percent, and the Nasdaq finished the day 74 points ahead for a 1.75 percent gain.

The markets bounced back as concerns over Ukraine ebbed. Reported comments by Russian President Putin that troops taking part in military exercises close to Russia's border with Ukraine were ordered back to their bases helped ease worries of an immediate escalation of military force.

The dollar edged higher against the currencies of major U.S. trading partners and the yield on the 10-year Treasury note used in figuring mortgage rates and other consumer loans rose 8 basis points to 2.688 percent.

Crude futures fell $1.59, or 1.5 percent, to $103.33 a barrel;gold futures shed $12.40, or 0.9 percent, to $1,337.90 an ounce.