--- description: After stocks tumbled amid rising tensions Monday title: Russia: Global Markets Rebound as Putin Dials Down Heat in Ukraine image: https://static.time.com/v3/assets/bltea6093859af6183b/blt3eedd57abcbe81c2/698683d2169ab01c5b27814a/biz_putin_0703.jpg?branch=production&width=1200&quality=75&auto=webp&crop=16:9 ---  * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close # Markets Rebound as Putin Dials Down Heat in Ukraine  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close Mar 4, 2014 3:21 PM CUT  Russia's President Vladimir Putin attends the opening ceremony of the Russian Pilgrims' House at the Jordanian side of the Jordan River, June 26, 2012\. REUTERS/Ali Jarekji (JORDAN - Tags: POLITICS) Russia's President Vladimir Putin attends the opening ceremony of the Russian Pilgrims' House at the Jordanian side of the Jordan River, June 26, 2012\. REUTERS/Ali Jarekji (JORDAN - Tags: POLITICS)Ali Jarekji—Reuters  by [Denver Nicks](/author/denver-nicks/)  ## Denver Nicks Update your preferences in [Account Settings](/account/preferences/) Close Mar 4, 2014 3:21 PM CUT Stock markets around the world rallied Tuesday as fears of impending violence in the ongoing crisis in Ukraine [cooled](http://world.time.com/2014/03/04/vladimir-putin-ukraine-russia-crimea/ "undefined") [slightly](http://world.time.com/2014/03/04/ukraine-united-states-aid-john-kerry/ "undefined"). The Dow Jones Industrial Average rose 200 points, or 1.2 percent, after falling 154 points Monday. The index had at one point been down as much as 250 points in intraday trading as investors became skittish over the standoff in Ukraine. The S&P 500 climbed 23 points and the Nasdaq rose 68 points, but up more than one percent, on the news of eased tensions. The rebound followed news that Russian President Vladimir Putin defended his decision Tuesday to send troops into Ukraine’s eastern Crimea region while insisting that military force would only be used when all other options had been exhausted. “As for bringing in forces: For not there is no such need but such a possibility exists,” he said. “What could serve as a reason to use military force? It would naturally be the last resort, absolutely the last.” ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/12287/stock-market-wall-street-ukraine-putin/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/12287/stock-market-wall-street-ukraine-putin/"},"headline":"Markets Rebound as Putin Dials Down Heat in Ukraine","datePublished":"2014-03-04T15:21:42.000Z","dateModified":"2026-02-21T06:34:04.096Z","description":"After stocks tumbled amid rising tensions Monday","url":"https://time.com/12287/stock-market-wall-street-ukraine-putin/","keywords":["putin","Ukraine","russia"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt3eedd57abcbe81c2/698683d2169ab01c5b27814a/biz_putin_0703.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Denver Nicks","jobTitle":null,"url":"https://time.com/author/denver-nicks/"}],"articleSection":"World","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt3eedd57abcbe81c2/698683d2169ab01c5b27814a/biz_putin_0703.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675,"headline":"Russia's President Vladimir Putin attends the opening ceremony of the Russian Pilgrims' House at the Jordanian side of the Jordan River","caption":"Russia's President Vladimir Putin attends the opening ceremony of the Russian Pilgrims' House at the Jordanian side of the Jordan River","creditText":"Ali Jarekji—Reuters","representativeOfPage":true}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/12287/stock-market-wall-street-ukraine-putin/","name":"Markets Rebound as Putin Dials Down Heat in Ukraine"}}]}] ```