(Updated with details, currency and bond components)
Ryan Vlastelica and Lucas Iberico Lozada and Chuck Mikolajczak
NEW YORK, Jan. 26 (Reuters) – Wall Street completed the first session of the week on a rather bullish note as investors overcame their fear that the victory left Syriza party in Greece is synonymous with a new crisis in the euro area.
Alexis Tsipras, the leader of the winning party, was sworn in Monday as the new prime minister of a government determined to negotiate inch by inch with international creditors and turn the page on five years of austerity.
Although the US has a relatively small exposure to Greece, more instability in the region could affect multinational companies.
“The market was very excited before the Greek elections … but, this morning, the victory of Syriza was already enrolled in the courses, “said Robert Francello (Apex Capital).
The Dow Jones gained 6.10 point (0.03%) to 17,678, 70. The S & amp; P 500 took 5.27 point (0.26%) to 2,057.09. The Nasdaq Composite was up 13.88 point (0.29%) to 4771.76
Of the ten major sector indices of the S & amp index;. P, the energy the fastest increase of 1.39%. He reacted to statements made by Abdullah al-Badri, secretary general of OPEC, which believes in a future rebound in oil prices.
Chevron gained 1.9% and 1% Exxon Mobil, main contributors to the rise in the S & amp index;. P
In addition to the political issues, the “season” corporate earnings in full swing. 19% of the S & amp; P 500 that have published their accounts, 71.6% exceeded the consensus percentage drops to 54.7% when not considering the profit but revenues, according to Thomson Reuters data. The long-term average is 63% for bénéifce and 61% for the CA
Values, US packing groups Rock-Tenn and MeadWestvaco announced their intention to merge to create a society of worth $ 16 billion, an alliance that aims to better compete with International Paper and benefit from rising market in carton packaging in the United States.
Rock-Tenn gained 6.1% MeadWestvaco and 14%.
The American operator of oil and gas pipeline Energy Transfer Partners said it had agreed to buy Regency Energy Partners, he was already a shareholder, for about $ 11 billion in to simplify its legal structure.
Energy Transfer has lost 6.4% and Regency Energy took 5%.
Microsoft lost 3% after closing, United Technologies 2.5 Texas Instruments% and 0.53% after the release of their quarterly.
There are increases on the NYSE 2111 against 952 declines and Nasdaq 987 1785 increases for cuts.
Volume was light, many stakeholders are left earlier because of a big snowstorm in the Northeast USA. Some 6.27 billion shares changed hands, below the average of 7.26 billion month, according BATS Global Markets.
On the foreign exchange market, the euro s’ is taken on redemptions with it after two days of massive sales that brought the single currency to a low of 11 years in 1.1098 dollar in Asia after the Greek elections.
As the stock market The arrival of a snowstorm resulted clarify the desks and dry up the volume, which is also observed in the bond market.
The euro remains down 6.90% against the dollar since the beginning of the month. The single currency has also recovered 1.36% against the yen.
But it is especially the Swiss franc against the euro has resumed, earning 3% against a currency that s’ unsecured from its floor rate of 1.20.
Treasuries fell before the Treasury auctions that will total $ 90 billion, and the meeting of the Federal Reserve, two events being held this week. (Wilfrid Exbrayat for the French service)
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