Stocks are opening lower as talks dragged on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans.
Minutes after the opening bell Monday, the Dow Jones industrial average is down 42 points to 12,819. Intel led the Dow lower, dropping 1.2 percent.
The S&P 500 fell 5 points to 1,339. The Nasdaq composite fell 17 points to 2,888.
The declines follow a big gain Friday after a surprisingly good U.S. employment report.
Greece's Prime Minister Lucas Papademos will meet with negotiators from the European Union and the International Monetary Fund in the afternoon and then with the leaders of the three parties backing his coalition government. The Greek parliament must sign off on any deal.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus