Stocks pared early gains today to end mixed as investors considered news of progress in a ceasefire between Russia and Ukraine.
Jeremy Glaser is the Markets Editor for Morningstar.com.
Russian President Vladimir Putin said today that Russia and Ukraine are in broad agreement to the outline of a peace process
in Eastern Ukraine. Ukrainian officials earlier confirmed a deal has been struck, but later said that no agreement had been reached. Ukraine is set to meet with separatist leaders on Friday.
The Fed's Beige Book, a report on current economic conditions which was released today, shows that the economy is still growing at a moderate or modest level
. The housing sector lagged behind and there were no major changes across Fed districts.
At market close the Dow was up 0.1%, the S&P 500
was down 0.1% while the Nasdaq
was off 0.6%.
Stocks on the Move
Shares of Toll Brothers
were down 4.7% after the firm reported third-quarter results
. The firm said it earned 53 cents a share in the quarter compared to 26 cents per share in the third-quarter of 2013. The firm sold 1,444 homes (compared to 1,059 in 20123) and saw the average price rise 12% to $732,000.