. Losses in European stocks were limited on a possible short-term truce to the hostilities in Ukraine.

Travel website owner Priceline will buy restaurant reservation website operator OpenTable for $2.6 billion, aiming to broaden its offerings in an increasingly competitive online travel industry.

Rather than a Great Rotation from bonds into equities, the rotation instead has been from growth into value. Among the ten U.S. business sectors, uber-defensive sector Utilities is still the clear leader year-to-date, up more than +10%, followed by Energy and Healthcare.