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European indices lose some of the ground recovered during Tuesday¿s rally even as tensions in Ukraine ease, while Chinese economic targets highlight the juggling act the government must perform to expand while keeping credit risks and inflation in check. France¿s leading hypermarkets retailer Carrefour returns to growth in its main market but German sporting goods maker Adidas says currency movements will weigh on its 2014 performance.

The S&P 500 closed at a record high after assurances from Putin that the Ukraine crisis would not immediately escalate. Global markets nosedived yesterday but rebound strongly today on news of easing tensions. Short term volatility triggered by emerging markets is being viewed by traders as a buying opportunity amid plentiful signs of broader strength in the market. The U.S. pledged $1 billion in U.S. loan guarantees for Ukraine's new leadership. Jane Searle speaks to Keith Bliss at the NYSE.

Investors who shorted stocks yesterday expecting the Ukraine crisis would last longer now find themselves on the wrong side of the trade. Keith Bliss of Cuttone & Co. says many traders are scrambling to cover Monday's shorts today as stocks move higher. Billionaire investor Warren Buffett said he was buying stocks yesterday as many panicked and sold, which lent comfort to traders. Bliss also noted there wasn't a capitulation of selling on Monday. TheStreet's Debra Borchardt reports from the NYSE.

European and Asian markets stage a relief rally after Monday's losses as Ukraine tensions subside. Western Europe hesitates on sanctions. Moscow market stages a comeback, as do stocks exposed to the Ukraine market. U.K. construction industry also gets a boost.

Dish Network will switch off its Hopper feature for Disney shows three days after they air, and in exchange, the pay-TV provider is getting a lucrative streaming deal that could impact how we watch pro sports. Earnings are coming today, first this morning from E.W. Scripps Co. and Radio Shack, but later today from Bob Evans and Smith & Wesson as well. And Jim Cramer weighs in with a pick from the tech sector--see why he's bullish on ServiceNow, with the stock off its recent highs.

Global stocks including U.S. equities fell sharply as Russia occupied the Ukraine's Crimea region, with the threat of further action elsewhere in the country. Safe havens such as gold and oil jumped while most European markets shed more than 2%. A raft of positive U.S. economic data was ignored as the domestic equity market shifted to risk-off mode, with agriculture and energy stocks seen as the most vulnerable if the situation escalates. TheStreet's Jane Searle speaks to Matt Cheslock of Virtu Financial at the NYSE.

The situation in Ukraine is intensifying as Russia has now given the country an ultimatum: they must surrender by the end of the day. Ben Willis of Albert Fried says this pushed stocks even lower than they were at the beginning of the day. He also noted wheat prices have risen. Other moves in the market include gold and crude moving higher. Gold is a defensive play and crude is moving higher as Russia is protecting its natural gas business.

Apple is launching its integrated car system CarPlay on Monday. It will allow iPhone users to use their phone features in-car with help from virtual assistant Siri. Mercedes, Ferrari and Volvo will roll out CarPlay this week. Apple claims it is a leader in car technology, but Google has been more prominent in its car technology. Apple is also getting some grief for calling its product CarPlay, since Google's entertainment hub is called Google Play. iCar wasn't available?

The U.S. futures markets are lower as the crisis in the Ukraine escalated over the weekend. The instability threatens to upend the flow of oil and exploration of natural gas reserves as well as the export of corn and wheat. Stateside, investors are anticipating personal income and spending numbers, and February auto sales. American Express launches a new card targeted at moms, and The Carlyle Group buys a unit of Tyco, focused on Korea.

Markets drop worldwide as Ukraine crisis spooks investors. Among major bourses, only China's staged a small rise. Russia hit by the threat of sanctions, and an interest rate rise on Monday, prompting a big drop in Moscow's Micex Composite. European manufacturing confidence was up, and precious metals miners saw share prices rise as gold strengthened, but that did little to improve the mood.

Stocks continue to push higher, but Mark Newton Chief Technician at Greywolf cautions that not all stocks are moving up, pointing to defensive sectors like materials and healthcare. Newton also notes that these groups continue to show strength, along with commodities. Retail looks to have bottomed out and could show signs of a turn. Newton believes the market will continue on this uptrend and keep moving higher, but it won't be broad-based and spread across all sectors.

European markets kept an eye on the situation in Ukraine and China's continued downward pressure on its currency. There was little immediate reaction to Eurozone unemployment and inflation figures. In London publisher Pearson fell on poor figures and International Consolidated Airlines fell, despite much improved results. Insurer Old Mutual prepares IPO for its U.S. asset management business. U.S. housing, consumer and economic growth figures this afternoon.

U.S. stock index futures are pointing to flat open as bitcoin exchange Mt. Gox reportedly files for bankruptcy. The Wall Street Journal reports the announcement was made by a lawyer for the company in a Tokyo court. Apple will host its annual shareholder's meeting in California beginning at 12pm ET. Apple investors will likely ask CEO Tim Cook about what may be in the product pipeline for the tech giant. Shares of Gap will be in focus as investors digest the casual apparel maker's disappointing earnings outlook for 2014. TheStreet's Jim Cramer says WhiteWave is the best way to invest in the worldwide move toward natural and organic eating.

Traders are not as comfortable with the market this year as they were last year says Alan Valdes of DME Securities. He sees traders preferring to sell every time there is a rally and that is why the market has not pushed higher. Additionally, with the Federal Reserve not buying bond assets in as high a level as last year, traders don't want to stay in the market for long periods of time. Traders are moving in and out more quickly causing stocks to be stuck in a range.

The Dow Jones Industrial Average correlates with major milestones in the opinions of marijuana. Socionomist Euan Wilson of the Socionomics Institute has demonstrated the views on pot are more restrictive in bull markets and more tolerant in bear markets. From the Marijuana Tax Act in 1937 at the top of the bull market to President Bush's speech on the war on the drugs in 1989 at the height of a seven year stock run, the Dow has tracked pot legislation. The current chill began during the financial crisis.