U.S. Stocks Hold Steady on Possible Greek Sentiment Shift
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US markets are steady in pre-market trading on Tuesday after polls in Greece yesterday showed that the New Democracy party could defeat Syriza, the anti-austerity, left wing party that won the most recent elections. Syriza was unable to form a government last month and many think the New Democracy party will have the same problem.
A recent newspaper poll in Greece found that 65 percent of Greeks want the government to accept the proposed EU terms and remain in the Eurozone. Taken together the polls could signal a shifting of sentiment there, although many observers and investors remain skeptical.
Investors this week will be following news out of Europe, but are also likely to be focused on US data as well, starting with Case-Shiller home price data out later today.
SPDR S&P 500 (NYSE: SPY), the ETF that tracks the S&P 500 index, is trading up 0.68 percent at 133, off its recent lows at 129.74.
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A recent newspaper poll in Greece found that 65 percent of Greeks want the government to accept the proposed EU terms and remain in the Eurozone. Taken together the polls could signal a shifting of sentiment there, although many observers and investors remain skeptical.
Investors this week will be following news out of Europe, but are also likely to be focused on US data as well, starting with Case-Shiller home price data out later today.
SPDR S&P 500 (NYSE: SPY), the ETF that tracks the S&P 500 index, is trading up 0.68 percent at 133, off its recent lows at 129.74.
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