US STOCKS-Wall St up with eyes on Greece, Fed; M&A supports

martes 16 de junio de 2015 16:32 GYT
 

* NCR rallies on report of deal with Blackstone, Carlyle

* Coty up on P&G deal

* Indexes up: Dow 0.64 pct, S&P 0.57 pct, Nasdaq 0.51 pct (Updates to close, changes byline)

By Rodrigo Campos

June 16 (Reuters) - U.S. stocks rose on Tuesday following back-to-back daily declines, with merger activity more than offsetting market concerns as Greece struggles to avoid a default on its debt.

Traders also kept an eye on interest rates as a two-day policy-setting meeting at the Federal Reserve got under way.

Despite the collapse of talks between Athens and its European and IMF lenders over the weekend, Greek Prime Minister Alexis Tsipras told U.S. Treasury Secretary Jack Lew that Athens aimed to reach a deal. Lew said failure to reach an agreement would create broad uncertainties for the global economy.

"The market seems to be pricing in a possibility, overpricing, a Greece exit," said Art Hogan, chief market strategist at Wunderlich Securities in New York.

He said he does not expect a surprise to the market from the Fed in terms of a rate hike, or from a Greek default.   Continuación...