U.S. Stocks Rise as Euro Gains on Greece; Gold, Oil Fall

U.S. stocks rose, while the euro strengthened with European equities amid optimism fallout from anti-austerity party Syriza’s victory in Greece’s election will be contained. Gold and crude oil declined.

The Standard & Poor’s 500 Index added 0.3 percent by 4 p.m. in New York, following the gauge’s first weekly gain this year. The Stoxx Europe 600 Index advanced 0.6 percent to extend a seven-year high reached Friday. Europe’s shared currency strengthened 0.3 percent, reversing earlier declines. Greek stocks fell with bonds. Yields on 10-year Treasury notes rose three basis points to 1.83 percent. Gold futures slid the most this year as U.S. oil slipped to an almost six-year low.