LONDON: U.S. stocks fell on Monday, weighed down by the latest setback in bailout talks between Greece and its European creditors.
Shares dropped from the opening bell, but pared much of their steepest losses by the close of trading. The Dow Jones Industrial Average lost 107.67 points, or 0.6%, to end at 17791.17, after shedding more than 200 points in intraday trade.
The S&P 500 index lost 9.68 points, or 0.5%, to 2084.43. The Nasdaq Composite Index declined 21.13 points, or 0.4%, to 5029.97.
The losses followed a breakdown in talks between Greece and its creditors over the weekend. The lack of progress in negotiations has rattled investors and raised fears of a default on Greece’s debt and a possible exit from the currency bloc.
