March 4, 2014 -- 4:10 p.m. - 03/04/14
The major averages ended near their best levels of the session. The Dow Jones Industrial Average gained 227 points to 16,395, the S&P 500 added 28 points to 1873 and the NASDAQ advanced 74 points to close at 4351.
Stocks rebounded from yesterday's losses as concerns over the tension between the Ukraine and Russia eased. While the situation remains stable, volatility could persist as the situation evolves.
All 10 sectors on the S&P finished higher, led by gains in telecom stocks. Shares of Verizon advanced 1.2% to $47.90.
On the earnings front, RadioShack fell 17.3% to $2.25 after the company posted a wider-than-anticipated loss in the quarter and announced plans to close over 1,000 underperforming store locations. Shares of AutoZone also ended lower, down 0.5% to $538.56 despite posting results ahead of analysts' estimates.
Composite volume on the NYSE was more than 3.6 billion shares with advancing issues besting decliners by more than a 5-1 margin. The NASDAQ was 9-2 positive on issues.
Turning to fixed income markets, Treasuries ended lower along the curve. The benchmark 10 year note was down 13/16 of a point to yield 2.70% and the 30-year bond gave up over a point and a half to yield 3.64%.
This information is obtained from sources and data considered to be reliable, but its accuracy and completeness is not guaranteed by Wells Fargo Advisors.Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC, non-bank affiliates of Wells Fargo & Company.