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Optimism on Russian crisis lifts Wall St

Friday, August 08 15:27:18

U.S. stocks rose at the open today as optimism over the Russia-Ukraine crisis offset concerns about the implications of U.S. air strikes on Iraq.

The Dow Jones industrial average rose 27.42 points or 0.17 percent, to 16,395.69, the S and P 500 gained 4.08 points or 0.21 percent, to 1,913.65 and the Nasdaq Composite added 4.44 points or 0.1 percent, to 4,339.41.

Utilities were the best performers on the S and P 500 as their high-dividend yield once more became attractive to investors after the U.S. 10-year Treasury note yield fell to a 14-month low.

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