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US stocks jump as worries over Crimea vote fade

US stocks jump as worries over Crimea vote fade

Posted by Liliana Castaño on March 17, 2014

Stocks rose sharply Monday as investors brushed aside the ongoing political turmoil in Ukraine and focused on a surge in output at U.S. factories last month.

KEEPING SCORE: The Dow Jones industrial average rose 183 points, or 1.1 percent, to 16,249 as of 2:45 p.m. Eastern time. It jumped as much as 204 points earlier. The Standard & Poor's 500 index rose 19 points, or 1.1 percent, to 1,860 and the Nasdaq composite added 43 points, or 1 percent, to 4,288.

TECH SURGE: Technology stocks were among the biggest gainers, led by Yahoo, which rose 4.3 percent. Yahoo owns a quarter of the Chinese e-commerce website AliBaba, which announced plans to go public in the U.S. While relatively unknown in the U.S., AliBaba is one of the world's most-trafficked websites in the world's second-largest economy. Other tech stocks also rose including Microsoft, Google and Amazon.

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