The Nasdaq surged up to 2% and the S&P and Dow jumped more than 1% on Tuesday, as signs of a de-escalation in tensions between Russia and Ukraine pushed up megacap growth names and banks, and helped investors shrug off hotter-than expected inflation data.

At 13:21 ET, the Dow Jones Industrial Average (.DJI) was up 1.04% at 34,924.25. The S&P 500 (.SPX) was up 1.22% at 4,455.41 and the Nasdaq Composite (.IXIC)was up 1.74% at 14,030.388.

Well Fargo & Co : up 1.0%

** Franklin Electric Co Inc (FELE.O): up 4.6%

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BUZZ-Gains after new data on Alzheimer's vaccine

BUZZ-Jumps as cardiac drug gets breakthrough therapy tag in China

BUZZ-Down as heart drug shows no effect on exercise capacity in trial

BUZZ-Up after partnership to bring air taxi service to Japan

BUZZ-Gold stocks down as bullion slips from 8-month high

BUZZ-Credit Suisse sees co as likely competitor to global bourses, starts coverage

BUZZ-More than triples on buyout by Japan's Murata

BUZZ-Credit Suisse starts coverage on co with 'neutral' rating

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Source: Reuters

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