US stocks open lower on new Greek worries

AP News
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Posted: Jun 12, 2015 9:42 AM
US stocks open lower on new Greek worries

NEW YORK (AP) — U.S. stocks are opening lower after a setback in talks between Greece and its creditors renewed fears that the country could default on its debts.

The Dow Jones industrial average fell 54 points, or 0.3 percent, to 17,984 as of 9:35 a.m. Eastern Time Friday, following two days of gains. The Standard & Poor's 500 slipped seven points, or 0.3 percent, to 2,102. The Nasdaq composite lost 16 points, or 0.3 percent, to 5,065.

An unexpected decision by the International Monetary Fund to walk away from bailout talks with Greeks spurred the selling. Greece's main stock index fell 5 percent, the most among European indexes.

U.S. government bond prices fell. The yield on the 10-year Treasury note rose to 2.39 percent, up from 2.38 percent the day before.