US STOCKS-S&P ends at record but off day's high on Ukraine worries

Fri Feb 28, 2014 4:57pm EST
 
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* Stocks give up earlier gains in late trading

* Fourth-quarter GDP, pending home sales miss expectations

* Consumer confidence data supportive

* Dow up 0.3 pct, S&P up 0.3 pct, Nasdaq down 0.3 pct

By Caroline Valetkevitch

NEW YORK, Feb 28 (Reuters) - The S&P 500 ended at another record close on Friday but well off the day's highs as worries about tensions in Ukraine caused investors to take profits ahead of the weekend.

All three major indexes closed out the month with strong gains, however. The Dow scored its best monthly percentage gain since January 2013, while the S&P 500 had its best month since October.

Early in the session, the S&P 500 hit an intraday record for a second time this week as consumer confidence and other data bucked the recent trend of weaker economic reports.

But indexes turned negative after Ukraine's acting president accused Russia of open aggression and said Moscow was following a similar scenario to the one before it went to war with Georgia in 2008.   Continued...