U.S. stocks traded high as Ukraine worries ease

U.S. stocks traded high for a second consecutive day as Russian president Vladimir Putin said it had no plans to annex Ukraine.

The Dow Jones industrial average rose 88.97 points or 0.55%, and closed at 16,336.19. The S&P 500 added 13.42 points or 0.72%, to close at 1,872.25. The NASDAQ Composite Index added 53.364 points or 1.25, to close at 4,333.313.

U.S. consumer prices rose 0.1% in February, in line with market’s expectations.

Also in line with market’s expectations, core inflation rates added 1.6% on year and 0.1% month-on-month.

Microsoft shares rallied 4% to $39.55, the highest daily increase of the stock since November.

GameStop Corp. shares dropped 3.4% to $38.39 and ranked as the S&P 500’s worst performer after Wal-Mart Stores Inc. announced it would allow shoppers to trade in used video games for anything from groceries to gadgets.

Among top Dow Jones Industrial Average performers were Microsoft, up 3.93%, Pfizer, up 1.62%, and UnitedHealth, also up 1.62%.

Among the Dow Jones Industrial Average’s worst performers were Boeing, down 1.09%, McDonald’s, down 0.31%, and Procter & Gamble, down 0.09%.

At the close of European trade, the EURO STOXX 50 rose 0.78%, France’s CAC 40 rose 0.97%, while Germany’s DAX 30 rose 0.67%. In the U.K., the FTSE 100 rose 0.56%.

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