US STOCKS-Wall St rallies late on Greek deal hopes; energy gains

lunes 2 de febrero de 2015 17:53 GYT

* Dow, S&P 500 coming off worst month since Jan 2014

* Exxon earnings fall less than expected

* ISM manufacturing index misses forecasts

* Indexes up: Dow 1.1 pct, S&P up 1.3 pct, Nasdaq up 0.9 pct (Updates to close)

By Caroline Valetkevitch

NEW YORK, Feb 2 (Reuters) - U.S. stocks ended sharply higher on Monday after a late rally driven by hopes for a Greek debt deal and as energy shares bounced with oil prices.

Greece's new government has proposed ending a standoff with its international creditors by swapping its outstanding debt for new growth-linked bonds, Finance Minister Yanis Varoufakis was quoted as saying on Monday.

Adding to the day's advance were energy shares, with the S&P 500 energy sector ending up 3 percent. U.S. crude settled up 2.8 percent at $49.57 a barrel, despite a strike at U.S. refineries that could boost crude supply.

The sharp move higher came late in a session where the S&P 500 repeatedly moved between positive and negative territory.   Continuación...