European markets are jittery

As investors digest news that the left-wing, anti-austerity Syriza party won a general election in Greece on Sunday. Party leader Alexis Tsipras has already moved to form a coalition that will work to reverse years of austerity measures imposed on Greece by the Troika. The euro dropped to a fresh 11-year low after initial results came out, falling as far as $1.1098 vs. the dollar, although it is now up 0.4% at $1.1244 amid speculation that the victory won't push the nation to exit the currency bloc. Athens' ATG stock index is down 1.2%.