US stocks fall in early trade as Greece debt woes escalate

AP News
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Posted: Jun 29, 2015 9:42 AM
US stocks fall in early trade as Greece debt woes escalate

NEW YORK (AP) — Stocks are falling in early trading in the U.S., but not as much as in Europe as Greece's debt woes deepen.

The Dow Jones industrial average fell 138 points, or 0.8 percent, to 17,804 as of 9:35 a.m. Eastern time Monday.

The Standard & Poor's 500 index gave up 16 points, or 0.8 percent, to 2,085.

The Nasdaq composite fell 47 points, or 0.9 percent, to 5,033.

The declines were steeper in Europe. Benchmark indexes were down 2 percent in Germany and 3 percent in France.

Nine of the 10 industry sectors in the S&P 500 index fell. The only one that rose was utilities, a traditional safe-haven play.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.39 percent.