U.S. Stocks Up Again on Hopes for Russia Relief

U.S. stocks ended higher on Monday, extending the rally from Friday as investors hoped that Russia’s move to send humanitarian aid to Ukraine would ease tensions between the two countries.

Earlier in the day, NATO chief Anders Fogh Rasmussen warned of a “high probability” that Russia, using the guise of a humanitarian mission, could intervene militarily in Ukraine. Ukraine has also said that, contrary to Russian reports of de-escalating, Russia has massed 45,000 troops on its border.

Investors did not seem fazed by the reports. The Market Vectors Russia Exchange-Traded Fund , which gives investors exposure to publicly traded companies based in Russia, gained 1.43 percent.

Reuters

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