NEW YORK–US stocks posted solid gains Thursday, rallying on news of a ceasefire in Ukraine as strong earnings from Cisco lifted the technology sector.
The Dow Jones Industrial Average advanced 110.24 points (0.62 percent) to 17,972.38.
The broad-based S&P 500 jumped 19.95 (0.96 percent) to 2,088.48, while the tech-rich Nasdaq Composite Index surged 56.43 (1.18 percent) to 4,857.61.
The US gains followed a strong day for European equities after the announcement of a peace roadmap between Kiev and pro-Russian rebels. Still Ukrainian President Petro Poroshenko and others cautioned that implementing the agreement would not be easy.
Dow component Cisco jumped 9.4 percent …Keep on …read more
Source: The Philippine Daily Inquirer
