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Earnings Overshadow Ukraine Concerns, Stocks Rise to End Shortened Trading Week

Earnings Overshadow Ukraine Concerns, Stocks Rise to End Shortened Trading Week (Bloomberg)

Positive earnings outweighed concerns over continuing tensions in Ukraine in the minds of investors, who sent the S&P 500 up to end the week, the market’s best since July. The U.S. markets will be closed tomorrow. “Any deceleration of the conflict will be a relief for the market,” Terry Morris, a senior equity manager at Wyomissing, Pennsylvania-based National Penn Investors Trust Co., said. “Combine the ease of the tension between Russia and Ukraine and generally a positive tone of earnings, the result is an upward drifting market.”

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