NEW YORK: US stocks are closing 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 140 points, or 0.8 percent, to close at 17,898 Friday, following two days of gains. The Standard & Poor’s 500 slipped 14 points, or 0.7 percent, to 2,094. The Nasdaq composite lost 31 points, or 0.6 percent, to 5,051.
An unexpected decision by the International Monetary Fund to walk away from bailout talks with Greeks spurred the selling Friday. Greece’s main stock index fell 6 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
