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Mario Draghi
Stocks close higher on signs of easing Ukraine tension
Stocks close higher on signs of easing Ukraine tension

U.S. stocks are closing higher as investors were relieved by reports of easing tensions between Ukraine and Russia. A burst of buying Friday in U.S. stocks defied slumps in other markets and offered hope for investors shaken by geopolitical turmoil. Major U.S. stock indexes closed up around 1 percent, buoyed by signs that tensions in Ukraine might be easing. The rally on Wall Street contrasted with price declines in European and Asian stock markets. Fear has been creeping into stock and bond markets around the world in recent weeks against a backdrop of escalating global conflicts. News Friday of U.S. fighter jets dropping bombs in Iraq and the end of a three-day cease-fire in Gaza...

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