The Hunt for the Next 10 Bagger

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U.S. stocks: S&P 500 gains as Russia-Ukraine tensions ebb
NEW YORK (MarketWatch) — U.S. stocks built on last week’s advance, helped by waning Ukraine-Russia tensions and deal news.

Investors also looked for a fresh reading on the housing market due at 10 a.m. Eastern Time, as that report kicks off a big week for economic news.

The S&P 500 SPX, +0.54% rose 10 points, or 0.5%, to 1,965 early Monday, adding to its 1.2% weekly gain last week. The Dow Jones Industrial Average DJIA, +0.64% jumped 93 points, or 0.6%, to 16,756, while the Nasdaq Composite COMP, +0.51% climbed 25 points, or 0.6%, to 4,490.

“Wall Street is once again coming up to tackle technical resistance, but with the momentum built up over the last week, conversations are likely to turn towards when, not if, it can tackle the 17,000 level again,” said Alastair McCaig, market analyst at IG, in a note. http://www.marketwatch.com/story/market-snapshot-futures-up-as-russia-ukraine-tensions-ebb-2014-08-18