The S&P 500 closed today at a new high for the 49th time in the last 12 months as the situation in the Ukraine cooled a bit. It might be only one day, but it was enough to cool off at least for the nonce rising oil and gold prices.
.ttp://www.marketwatch.com/story/us-stocks-rally-sp-500-hits-intraday-record-2014-03-04?
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Global equities rebounded strongly on the news that the conflict in Ukraine was simmering. The Russian MICEX index bounced back 5.28% in today's session after losing 10.68% yesterday and is now down 6.11% from last Friday's close. US and European stocks also reacted positively. The US S&P 500 (INDEXSP:.INX) gained 1.52%, and the German DAX (INDEXDB:DAX) gained 2.46%. The US small-cap Russell 2000 (INDEXRUSSELL:RUT) rose to a new record high today, up 2.92% for the day.
All 10 basic S&P sectors were in the green today, led by the health-care, financials, and industrial sectors. President Obama released his 2015 budget proposal, which included a record $3.9 trillion in spending. Additionally, the inherent growth forecasts within the proposal reveal expectations that the US will experience the strongest growth in the next fiscal year since 2005.
http://www.minyanville.com/business-news/markets/articles/ukraine-russia-vladimir-putin-crimea-armed/3/4/2014/id/54018
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