US STOCKS-Wall Street jumps 1 pct, looks beyond Paris attacks

lunes 16 de noviembre de 2015 16:22 GYT
 

* Starwood falls after buyout offer from Marriott

* Airline, travel stocks slip after Paris attacks

* US oil prices rise after French air strikes in Syria

* Indexes up: Dow 1.11 pct, S&P 1.11 pct, Nasdaq 0.80 pct (Updates to afternoon trade)

By Noel Randewich

Nov 16 (Reuters) - Wall Street surged over 1 percent on Monday as investors bet Friday's deadly attacks in Paris would have little long-term effect on the U.S. economy and corporate earnings.

U.S. oil prices rose after French air strikes in Syria in reaction to multiple attacks in Paris on Friday that killed 129 people, with Islamic State claiming responsibility. Exxon's shares rose 2.65 percent, while Chevron was up 3.45 percent.

The three major U.S. stock indexes opened with a loss but soon turned around, with the Dow Jones industrial average and S&P 500 climbing more than 1 percent.

"Markets are slowly becoming more and more immune to these types of events," said John Brady, managing director at R.J. O'Brien & Associates in Chicago. "Right at the opening there was a bit of a panic trade and then from there more steady hands - more professional, deep-pocketed hands - came in and bought the market."   Continuación...