Stocks open higher, oil prices fall as Ukraine tensions ease

The Associated Press

Stocks are opening higher and crude oil prices are falling Tuesday as investors welcomed early signs that tensions appear to be easing in Ukraine. The S&P 500 rose 1.3% and U.S. benchmark crude slid 4.3% after Moscow said it’s ready for talks on limits for missile deployments and military transparency. Bond yields rose after another indicator on inflation came in higher than expected. The yield on the 10-year Treasury rose to 2.05% after the government reported that inflation at the wholesale level surged 9.7% from a year earlier in January. European markets were higher and Asian markets closed mostly lower.