us stocks end lower as greece keeps traders cautious
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

US stocks end lower as Greece keeps traders cautious

Arab Today, arab today

Arab Today, arab today US stocks end lower as Greece keeps traders cautious

A sign for Wall Street
New York - AFP

US stocks eased from the week's highs on Friday as traders became cautious ahead of a fraught-filled weekend for Greece and the eurozone.

Giving up more than half of Thursday's gains, the Dow Jones Industrial Average lost 101.56 points (0.56 percent) at 18,014.28, and the broad-based S&P 500 fell 11.48 (0.54 percent) to 2,109.76.

After sweeping to a new record Thursday, the Nasdaq Composite Index shed 15.95 points (0.31 percent) at 5,117.00.

The mild sell-off came as Greece and its official creditors entered the weekend with no deal on more financial aid to Athens in sight, and the cash-short country facing a June 30 deadline to repay 1.5 billion euros ($1.7 billion) to the International Monetary Fund.

"Greece is obviously on everyone's mind; it could be just positioning ahead of that potential for volatility on Monday," said Charlie Bilello of Pension Partners. "Why take the risk over the weekend if you don't have to?"

ConAgra Foods jumped 10.9 percent as hedge fund Jana Partners reported amassing a 7.2 percent stake and moved for three board seats in an effort to change management direction and boost the company's value, complaining of poor performance in the wake of the 2013 $6.7 billion purchase of RalCorp.  

Also in play was home lifestyle and furnishing group Martha Stewart Living Omnimedia, which added another 8.4 percent on top of Thursday's surge on news that retail fashion brands investor Sequential Brands Group was nearing agreement to buy the iconic firm.

Among other movers, American Airlines rose almost 4.0 percent, while chocolate maker Hersey melted off 3.5 percent on a lowered sales forecast, and oil services power Schlumberger dropped 2.3 percent.

Bond prices rose. The yield on the 10-year US Treasury slid to 2.27 percent from 2.34 percent Thursday, while the 30-year fell to 3.05 percent from 3.13 percent.

Bond prices and yields move inversely.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks end lower as greece keeps traders cautious us stocks end lower as greece keeps traders cautious

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

us stocks end lower as greece keeps traders cautious us stocks end lower as greece keeps traders cautious

 



GMT 23:05 2017 Thursday ,27 July

No smiles as Fu suffers 'heartbreaking' defeat

GMT 11:54 2018 Friday ,05 January

Cancer deaths decline again in US

GMT 10:08 2015 Monday ,22 June

Snacking on protein can improve diet quality

GMT 10:46 2017 Tuesday ,11 April

German investor confidence leaps in April

GMT 13:58 2017 Friday ,17 March

Christo and Jeanne-Claude winner announced

GMT 13:58 2017 Wednesday ,04 October

Some 300,000 protest in Barcelona

GMT 18:58 2018 Wednesday ,05 September

PM to attend Defence Day event as chief guest

GMT 17:13 2017 Sunday ,31 December

UAE Ambassador visits ERC mobile clinics in Pakistan

GMT 21:23 2011 Saturday ,14 May

SQU professor wins award in Bahrain

GMT 16:09 2014 Friday ,15 August

L'ANZA to launch Keratin Healing Oil Combing Cream
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday