Stocks were higher at midday with overseas markets in focus.
Investors are monitoring events in Ukraine, particularly the political turmoil, which rose to new levels during the weekend, and the country's risk of default. The implications could have a broader impact on emerging-markets investments.
Kevin O'Shaughnessy is an assistant editor for Morningstar.com.
Stateside, two regional Fed banks reported declines in their business activity indexes. The Chicago Fed
posted a national activity index of negative 0.39 for last month compared with a December reading of negative 0.03. The three-month moving average fell, as well. The index's production and housing indicators led the move downward, signaling that national activity remains below its historical trend.
Separately, the Dallas Fed's business activity index
declined to 0.3 this month from January's mark of 3.8, as manufacturing companies in the bank's regional district saw a pullback in business conditions.
and the S&P 500
were each 1.2% higher at midday, and the Nasdaq
had gained 1.1%.
Stocks on the Move
shares were 2.5% higher at midday after the firm announced a multiyear interconnection deal
that should improve network traffic and augment customer experiences. Comcast will not give Netflix preferential network privileges under the agreement. The firms did not reveal financial terms of the deal. Each of Comcast's share classes were 1.4% higher at midday.
German business conditions improved
for the fourth consecutive month, and the DAX
rose by 0.5%. The FTSE 100
gained 0.4%, and the Paris CAC
was 0.9% higher.
In Asia, indexes were mostly lower. The Shanghai Composite
lost 1.8%. The Nikkei 225
fell by 0.2%, and the Hang Seng
was down 0.8%.