Stocks jumped Monday even as the West imposed sanctions on Russia over the crisis in Ukraine.
The Dow rose 178 points, or more than 1%, and snapped a five day losing streak. The S&P 500 gained 1% and Nasdaq advanced 0.8%.
Initial results show Crimeans who voted in a Sunday referendum overwhelmingly supported the idea of breaking from Ukraine to join Russia. The results were expected — and the West maintained the referendum was illegal. Moscow strongly backed the vote.
Source: Markets shrug off Crimea drama