The Hunt for the Next 10 Bagger

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Stocks squeeze out gains as investors eye geopolitics, data
U.S. stocks closed higher for a second straight session in light volume trading as investors looked for signs of easing in geopolitical tensions.

"Besides seasonal factors of low volume, you have to remember that investors are still wanting to see how the economy is shaping up," said Peter Cardillo, chief market economist at Rockwell Global Capital. "Investors are more concerned that the market has not made up its mind on how to handle this monetary policy."

Equities received a boost by Stanley Fischer, the vice chairman of the U.S. Federal Reserve, who said early on Monday that the recoveries in the U.S. and global economies had been "disappointing" thus far, indicating the Fed may not imminently tighten its monetary policy.

However, ahead of economic data and Fed speeches later this week, analysts said geopolitical developments are a primary indicator for investors.

"Relatively uneventful day here," said Dan Greenhaus, chief global strategist at BTIG. "If you're going to get any volatility it's going to come from [overseas]."

Earlier in the day, Russian President Vladimir Putin said his country is coordinating with the International Red Cross to send humanitarian aid to Ukraine, the Kremlin stated. http://www.cnbc.com/id/101910196