Greece's prime minister said on Wednesday he would form a new government and seek a vote of confidence from his parliamentary group after violent protests against austerity measures. "Formation of a new government in Greece is unlikely to change current investor thinking because investors remain susceptible that any government regardless of composition can deliver the economic measures on the scale required to avoid what would now appear to be inevitable default.
"The impact of European sovereign issues on (U.S.) domestic equity markets is indirect and felt mainly through the negative impact it has on investor sentiment.
"Relatively small amounts of U.S. company revenues and profitability are sourced from Europe and investor expectations of this increasing in the future are low.
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