(As of 7:20 am PST)
US stocks opened the week
lower Monday as investors considered the election results in Greece over the
weekend. Greek stocks fell Monday after the victory of the anti-austerity
Syriza party ushered in all sorts of questions regarding the future of Greece.
Fears that Greece could be forced to leave the euro-zone if it doesn’t comply
with its lenders was the big question. European markets for the most part took
the election results in stride, with investors still riding high on the ECB’s
announcement of its bond purchase program last week. The dollar strengthened
against the euro sending most commodities lower. The economic data calendar is
empty today, but will pick up as the week wears on. After strong weekly gains
last week, let’s hope the market can continue to the upside.
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