US STOCKS-Wall St rises on Greek deal hopes even as energy drops

martes 10 de febrero de 2015 15:26 GYT

* Coca-Cola up after earnings, Apple up after bond pricing

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* Indexes up: Dow 0.43 pct, S&P 0.63 pct, Nasdaq 0.93 pct (Adds data, updates to late morning)

By Sinead Carew

NEW YORK, Feb 10 (Reuters) - U.S. stocks rose on Tuesday on hopes that Greek debt negotiations could result in a deal to stabilize Europe and stocks such as Apple boosted indexes, although a drop in energy shares and oil prices limited the advance.

The European Commission will introduce a compromise proposal in which Greece should ask for a six-month period to discuss with lenders any pending issues and post-bailout plan, according to a report by MNSI, citing unnamed sources.

The Commission said there was no formal proposal for resolving Greece's debt problems, although talks were intensive ahead of a series of meetings of euro zone finance ministers and EU leaders in Brussels.

"Clearly the market thinks some resolution's going to come out of this that's going to make bondholders not suffer the consequences, and that's why the market is up," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

The first drop in oil prices in four sessions weighed on the S&P energy index, sending it down 1.1 percent, the only one of 10 S&P sectors to decline. U.S. crude was off 5 percent at $50.22 per barrel after the International Energy Agency warned of more selloffs in the near term as stockpiles continue to rise.   Continuación...