us stocks fall as market eyes greece talks
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 fall as market eyes Greece talks

Arab Today, arab today

Arab Today, arab today US stocks fall as market eyes Greece talks

US stocks finished lower Monday
New York - AFP

US stocks finished lower Monday, snapping a two-day surge in equities as investors eyed tough negotiations between Greece and international creditors.

The Dow Jones Industrial Average fell 85.94 points (0.47 percent) to 18,105.17.

The broad-based S&P 500 dropped 10.77 (0.51 percent) to 2,105.33, while the tech-rich Nasdaq Composite Index shed 9.98 (0.20 percent) at 4,993.57.

"The market seems to be tired," said Peter Cardillo, chief market economist at Rockwell Global Capital. "Every time we get up to these levels, we pull back."

Athens's radical new government scraped together enough cash to order Monday the debt repayment of 750 million euros ($840 million) to the International Monetary Fund in time for Tuesday's deadline.

However, at a eurozone finance ministers meeting in Brussels, Greece and other eurozone officials remained far apart on whether the Greek government's reform plans are enough for the debt-wracked country to receive further bailout funds.

Petroleum company Rosetta Resources surged 27.2 percent after announcing an agreement to be acquired by Noble Energy for $2.1 billion plus the assumption of $1.8 billion of Rosetta debt. Noble fell 6.2 percent.

US online retailer Zulily jumped 5.2 percent on news that Alibaba, China's e-commerce giant, has raised its stake in the boutique that markets to mothers and features daily deals. Alibaba shed 0.4 percent.

Pharmaceutical company Actavis rose 3.1 percent as first-quarter earnings excluding the Allergan acquisition and other one-time costs translated into $4.30 per share, better than the $3.94 per share projected by analysts.

Hilton Worldwide dropped 1.4 percent after announcing that its biggest shareholder, the Blackstone Group, will sell 90 million shares. Blackstone fell 0.3 percent.

Online real estate company Zillow rose 6.9 percent following an upgrade by Sun Trust Robinson Humphrey.

Bond prices fell sharply. The yield on the 10-year US Treasury advanced to 2.28 percent from 2.14 percent Friday, while the 30-year jumped to 3.05 percent from 2.90 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 fall as market eyes greece talks us stocks fall as market eyes greece talks

 



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 fall as market eyes greece talks us stocks fall as market eyes greece talks

 



GMT 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 13:19 2014 Thursday ,03 April

Stevie Wonder to top bill at Montreux Jazz Festival

GMT 23:20 2017 Sunday ,03 September

Top 14 champions Clermont sink Toulon in rematch

GMT 07:58 2017 Thursday ,07 December

World leaders slam Jerusalem move

GMT 04:19 2016 Wednesday ,23 November

VP launches UAE University Science and Innovation Park

GMT 19:31 2017 Thursday ,23 February

'In negotiations' to fight Amir Khan

GMT 12:55 2017 Wednesday ,20 September

Obama begins lucrative turn as Wall Street speaker

GMT 14:15 2016 Monday ,26 December

GACA to invite bids for cargo operator’s license
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