US STOCKS-Wall St rises as little impact seen from Paris attacks

lunes 16 de noviembre de 2015 14:05 GYT
 

* Starwood falls after buyout offer from Marriott

* Airline, travel stocks slip after Paris attacks

* Indexes up: Dow 0.68 pct, S&P 0.61 pct, Nasdaq 0.20 pct (Updates to early afternoon)

By Abhiram Nandakumar

Nov 16 (Reuters) - U.S. stocks were higher in early afternoon trading on Monday after a choppy start as investors absorbed the impact of Friday's deadly attacks in Paris.

Oil prices rose after French air strikes in Syria but soon reversed course amid concerns of an oversupplied market. Exxon's shares rose 1.6 percent, while Chevron was up 2.1 percent.

Investors saw little long-term economic impact from the attacks, with nine of the 10 major S&P sectors higher, led by telecom and energy stocks.

"Expectations are that (the attacks) will have a modest potential economic impact," said Eric Wiegand, senior portfolio manager at the Private Client Reserve at U.S. Bank in New York. "As a result, markets have the potential to look through this over the very near term."

Sectors linked to travel and leisure, however, took a hit on Monday.   Continuación...