U.S. stocks finished modestly ahead on Monday after the first weekly gain for equities in 2015, as investors mulled results from Greek elections and winter weather on the East Coast.
In Greece, the anti-austerity Syriza party won 149 out of a 300 possible seats in Parliament.
The market had “already discounted an anti-austerity vote, and the lower euro should boost manufacturing and exports,” Peter Cardillo, chief market economist, Rockwell Global Capital, said.
“Investors are bracing for a potentially historic northeast blizzard and the FOMC meeting this week,” Cardillo said.
In New York, officials urged residents to remain indoors with blizzard conditions forecast. The New York Stock Exchange said it planned to run on a normal schedule.
rose after the home builder reported quarterly profit that topped estimates; declined after the toy maker ousted its chairman and chief executive and warned sales fell 6 percent in the holiday quarter.
After falling more than 100 points, thegained 6.10 points to 17,678.70.
Theadded 5.24 points, or 0.3 percent, to 2,057.06, with energy the best performing and technology the worst of its 10 major industry groups.
Thegained 13.88 points, or 0.3 percent, to 4,771.76.
For every share falling, roughly two rose on the New York Stock Exchange, where 647 million shares traded as of 4 p.m. Eastern. Composite volume cleared 3.2 billion.
On the New York Mercantile Exchange,wavered before closing down 44 cents, or 1 percent, at $45.15 a barrel, and shed $13.20, or 0.1 percent, to $1,279.40 an ounce.
Thegained against the currencies of major U.S. trading partners; the yield on the note used to figure mortgage rates and other consumer loans rose 2 basis points to 1.8226 percent.