By and  on March 4, 2014

Indications of a willingness to avoid military action in Ukraine from Russian president Vladimir Putin helped equity markets in the U.S. and Europe bounce back Tuesday.

The S&P 500 Retailing Industry Group rose 1 percent to 941.46 after declining 0.5 percent Monday. The broader S&P 500 hit an all-time high of 1,876.23 in midday trading before closing up 1.5 percent at 1,873.88, and the Dow Jones Industrial Average managed a 1.4 percent gain to 16,395.37.

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