U.S. Stocks rise on speculation of easing Ukraine tension

U.S. stocks rose, sending the Standard & Poor’s 500 Index to a two-week high, as speculation the crisis in Ukraine won’t escalate overshadowed weaker-than-estimated economic data, Bloomberg reports.
Equity futures and European stocks erased earlier losses after President Vladimir Putin said Russia will do everything it can to stop the conflict in eastern Ukraine. Stocks had slumped after data showed the euro area’s recovery unexpectedly stalled in the second quarter after its three biggest economies