NYSE-file-jpgStocks 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. EU officials on Monday agreed to sanctions on 21 individuals that include both travel bans and asset freezes. There are worries that sanctions risk escalating a trade war that would hit the global economy. MORE