LONDON: U.S. stocks were poised to open sharply lower on Monday, with futures in the red after Greeks over the weekend overwhelmingly rejected the terms of a rescue package proposed by its international lenders.
Futures for the Dow Jones Industrial Average YMU5, -0.65% lost 141 points, or 0.8%, to 17,508, while those for the S&P 500 index ESU5, -0.53% fell 13.80 points, or 0.7%, to 2,055.25. Futures for the Nasdaq 100 index NQU5, -0.70% slid 31.25 points, or 0.7%, to 4,397.50.
The declines tracked losses on the European stock markets, where the Stoxx Europe 600 index SXXP, -0.65% erased 1.1% to 379.24 and Germany’s DAX 30 index DAX, -0.68% tumbled 1.3% to 10,906.76. Asian shares also mostly slumped.
