US stocks fall on Greek concerns

FXStreet (Mumbai) – The Wall Street is showing signs of risk aversion in early trading as major indices opened lower as Greece’s debt default drama lingered.

At the moment, the S&P index is down 0.58% lower at 2096.70. The DJIA is down 0.58% at 17,935, while the NASDAQ is down 0.52% at 5056.04.

However, the indices are still on the way for a weekly gain. The S&P 500 was up 0.8 percent this week through Thursday, its best since April. The gains were mainly on account of progress made in Greek debt talks and upbeat domestic data – retail sales and weekly jobless claims.

The optimism was erased today after the IMF exit from Greek talks triggered a demand for safe haven assets like Treasuries and weighed over the investor sentiment. At the moment, the 10-year yield in the US is down marginally at 2.376%.

The Wall Street is showing signs of risk aversion in early trading as major indices opened lower as Greece’s debt default drama lingered.

(Market News Provided by FXstreet)