US STOCKS-Wall St rises after Greek elections; energy climbs
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By Chuck Mikolajczak
NEW YORK, Jan 26 (Reuters) - U.S. stocks edged higher on Monday as investors brushed off fears that a leftist victory in Greece would bring fresh crisis to the Eurozone and energy stocks advanced.
The leftist, anti-bailout Syriza party won decisively in Greek parliamentary elections on Sunday, after running a campaign promising to take on Greece's international lenders and bring about an end to austerity measures.
While the United States has limited direct exposure to Greece's relatively small economy, extended volatility in the region could hurt multinational companies.
"There was a lot of trepidation in the market going into the Greek election ... but by this morning the Syriza win was priced into the market already," said Robert Francello, head of equity trading for Apex Capital in San Francisco.
Energy stocks led gains on major U.S. indices after Abdulla al-Badri, OPEC's secretary-general, told Reuters on Monday that oil prices may have reached a floor and could move higher very soon. Continuación...