NEW YORK: US stocks rallied on Tuesday, with the S&P 500 closing at a record as concerns about a confrontation between Russia and Ukraine eased, and the market recovered more than all of the previous session's hefty losses.
President Vladimir Putin delivered a robust defense of Russia's actions in Crimea on Tuesday, saying he would use force in Ukraine only as a last resort. His comments relieved investors' fears that East-West tension over the former Soviet republic could lead to war.
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