U.S. stocks rose, with the Standard & Poor’s 500 Index poised for its best week since July, as earnings from General Electric Co. and Morgan Stanley topped estimates and talks on the Ukraine crisis yielded an accord aimed at de-escalating the conflict.
General Electric climbed 2.2 percent after results beat forecasts. Morgan Stanley added 3.6 percent as a gain in trading revenue helped profit top estimates. Google Inc. (GOOG) Class C shares slid 3.1 percent as rising costs and a shift of advertising to mobile phones curbed revenue.
The S&P 500 rose 0.2 percent to 1,866.76 at 1:18 p.m. in New York, after falling as much as 0.3 percent earlier. The Dow Jones Industrial Average added 12.87 points, or 0.1 percent, to 16,437.72 today. The U.S. equity markets are closed tomorrow for a holiday.
Equities turned higher today after four-way talks on the crisis in Ukraine ended with an accord aimed at taking the first steps toward de-escalating the conflict after President Vladimir Putin said he hopes he won’t have to send troops.
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