In this task, you are given a text of many news articles seperated by special token "|||||". Your task is to summarize them.

The Dollar Index rose to a two-month high as investors sought safety amid concern President Barack Obama will struggle to convince Congress to avert the so-called fiscal cliff after his historic re-election. 
  
 The euro fell to its weakest in two months versus the dollar before Greek Prime Minister Antonis Samaras secured support from a majority of lawmakers for austerity measures needed to unlock an international bailout. The U.S. currency declined against the yen as Obama defeated Republican challenger Mitt Romney, who disagreed with current Federal Reserve policy of monetary stimulus. U.S. stocks fell the most in a year as Obama faces the fiscal cliff, $600 billion in tax increases and spending cuts set to be implemented in 2013, which may push the U.S. back into recession. 
  
 “It’s still the same problem and there is no magic solution, and that is a big part of the selloff,” said Greg Anderson, the North American head of Group of 10 currency strategy at Citigroup Inc. in New York. “We’re skeptical of the ability of Congress plus the president to pass some grand bargain, at least before Dec. 31.” 
  
 The dollar rose 0.3 percent to $1.2771 per euro at 5 p.m. in New York after earlier touching $1.2737, strongest since Sept. 7. The U.S. currency depreciated 0.4 percent to 80 yen after declining to 79.76, weakest since Nov. 1. The euro slipped 0.8 percent to 102.16 yen. 
  
 The Dollar Index (SPX), which tracks the greenback against the currencies of six major trading partners, rose 0.2 percent to 80.78 after touching 80.92, highest since Sept. 7. 
  
 Peso, Zloty 
  
 Mexico’s peso fell against all but one of its major counterparts as stocks and commodities declined globally. It weakened 0.9 percent to 13.0711 per dollar. 
  
 The Standard & Poor’s 500 Index fell 2.4 percent after declining as much as 2.8 percent, the most since Nov. 9, 2011. MSCI World (MXWO) Index of stocks retreated 1.7 percent and the Standard & Poor’s GSCI Index of 24 raw materials lost 2.5 percent. 
  
 Poland’s zloty declined as the nation’s central bank Governor Marek Belka signaled he will cut borrowing costs further after the first reduction since 2009 today. The 25 basis point reduction marks the start of “the monetary easing cycle,” Belka said in Warsaw. 
  
 The zloty retreated 0.6 percent to 4.1412 per euro. It fell 0.9 percent to 3.2422 per U.S. dollar. 
  
 The Czech koruna declined the most in more than a month after the European Commission cut the growth forecast for the euro region, the biggest buyer of Czech exports. 
  
 The Czech currency dropped 0.6 percent to 25.398 per euro after touching 25.435, the weakest level since July 26. It slid 0.9 percent to 19.8871 per dollar. 
  
 Obama Victory 
  
 The extra yield investors demand to hold two-year U.S. Treasuries instead of similar-maturity Japanese government bonds shrank to 16 basis points, the least since Oct. 16, curbing the allure of the dollar over the yen. 
  
 Romney had said he disagreed with the Fed’s measures to stimulate the economy and would replace Chairman Ben S. Bernanke at the end of the latter’s term in January 2014. U.S. policy makers unveiled a plan in September to buy $40 billion of mortgage-backed securities every month in a third round of so- called quantitative easing after $2.3 trillion purchases of bonds from December 2008 and June 2011. 
  
 That compares to the Bank of Japan (8301), which added 11 trillion yen ($137 billion) to its monetary stimulus last week, to bolster growth through lower borrowing costs. 
  
 ‘Risks Persist’ 
  
 Action from the central banks has driven three-month implied volatility for major currencies to the lowest in five years, according to a JPMorgan Chase & Co. index. The gauge, which signals the expected pace of swings in currency pairs for Group of Seven nations fell as low as 7.36 percent, the lowest since October 2007. 
  
 “Key macroeconomic and event risks persist, including the ability of U.S. policy makers to effectively address the looming U.S. fiscal cliff and the unrelenting negative news-flow emanating from the euro zone’s sovereign-debt crisis -- these may prove to be supportive of the greenback as investors stay cautious,” Samarjit Shankar, a managing director for the foreign-exchange group in Boston at Bank of New York Mellon wrote to clients. 
  
 The dollar was the strongest net-purchased currency today, according to BNY Mellon client data. 
  
 Greek Agreement 
  
 The euro pared losses after Greek lawmakers voted to approve a bill on pension, wage and benefit cuts in the 300-seat Parliament today. The voting was televised on state-run TV as more than 50,000 protesters ringed Parliament. 
  
 Approval of the legislation, which raises the retirement age by two years to 67 and cuts wages and pensions a second time this year, is the first of the votes required by Nov. 12 to get a 31 billion-euro ($40 billion) aid tranche and avert a financial collapse that may drive the country from the euro. Parliament will convene again on Nov. 11 to vote on the 2013 budget, a day before euro area finance ministers meet to discuss whether to unlock the funds. 
  
 The euro declined 1.5 percent over the past month, according to Bloomberg Correlation-Weighted Indexes, which track 10 developed-nation currencies. The dollar rose 1 percent and the yen fell 0.9 percent. 
  
 To contact the reporter on this story: Allison Bennett in New York at abennett23@bloomberg.net 
  
 To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net ||||| NEW YORK (TheStreet) -- U.S. markets climbed out of session lows by market close, but stayed in the red for the day. Investors remained wary of a European selloff triggered by deepening Portugal banking concerns. 
  
 Portugal's 10-year bond yield spiked to 3.97%, its highest point since April, after the nation's biggest bank Banco Espirito Santo and controlling shareholder Espirito Santo Financial Group commented on "ongoing material difficulties." 
  
 Moody's downgraded Espirito to Caa2 from B2, noting its rating was still on review for a further downgrade. The firm said the move reflects a "higher credit risk profile" and that concerns for its creditworthiness have been heightened by the bank's lack of transparency. 
  
 European stocks tumbled on the news and also weakened by a 2.3% decline in French manufacturing and a 1.2% drop in Italian industrial output, its biggest fall since late 2012. 
  
 The Bank of England decided Thursday to maintain interest rates at a record low of 0.5%. 
  
 "The market shrugged off the rising cost of financing Portugal's debt yesterday and we suspect it's playing catch up, asand Fed minutes fade," said Peter Cardillo, chief market economist at Rockwell Global Capital. "This type of action suggests a summer trading range is being established," he added. 
  
 Weaker-than-expected earnings reports were not helping to lift domestic markets out of the doldrums. posted a quarterly profit decline of 33% and missed earnings estimates by 4 cents at 85 cents a share. The results reflect economic challenges facing its core customer and an intensely competitive environment. Likewise,shares dived 25.1% after the sandwich chain's warning that it expects weak sales for its fiscal second quarter. 
  
 closed 0.42% lower to 16,915.07. Thegave up 0.41% to 1,964.68. Thestumbled 0.52% to 4,396.2. 
  
 Markets gained ground Wednesday after the release of the much-watched minutes of the Federal Reserve's chief policy-making committee showed that the central bank is preparing to end its historic program of monetary easing as soon as October. 
  
 Jobless claims for the week ended July 5 fell by 11,000 to 304,000, vs. the consensus target of 315,000. Wholesale inventories for May climbed 0.5%, more than half April's 1.1% increase and slightly below economists' estimates for a 0.6% gain. 
  
 shares shed 1% after U.S. Attorney General Eric Holder refused to meet with Bank of America CEO Brian Moynihan to resolve probes into shoddy mortgage securities, Reuters reported. 
  
 was sinking 12.9% after publishing discouraging data from its Phase II study of an experimental drug designed to treat muscular dystrophy. 
  
 shares were gaining 18.9% after the company reached a deal with investment firm Standard General to receive an investment of up to $25 million to boost the clothing chain's finances. The agreement will also mean a shake-up of American Apparel's board. 
  
 popped 12.7% after issuing a positive forecast for the second quarter. The airline expects second-quarter unit revenue to be up 3.5% from the year-ago quarter, above its previous forecast of an increase of 1% to 3%. 
  
 added 0.14% after same-store sales for June rose 6%. Wall Street had estimated a 5.3% increase. 
  
 Serving as a testament to Big Blue's commitment to get on the leading side of cloud innovation , IBM announced it will invest $3 billion over the next five years in two broad research and early stage development programs for chip technology. The research focuses on making semiconductors more efficient for cloud computing and Big Data systems. Shares were down 0.38%. 
  
 By Keris Alison Lahiff and Andrea Tse in New York |||||
Wall Street wasn't exactly cheering over President Obama's reelection. Stocks have been positively plunging all morning, with the Dow down 338 points, the S&P falling 37, and the Nasdaq dropping 79 as of 11:30am. With Washington's makeup essentially unchanged, investors were worried about the oncoming fiscal cliff, analysts tell The Street. "The biggest concern right now is the fear of a more deeply divided Congress," one investor says. "Given the track record of our lawmakers in raising the debt ceiling last year, there will be tremendous difficulty in getting a compromise." The Dollar Index, meanwhile, rose to a two-month high, Bloomberg reports, as investors looked for a safe place to park their money should the cliff drama rattle markets. That movement was in part because the euro was plunging, after European Central Bank President Mario Draghi said that the credit crisis was affecting Germany.