Arab Today, arab today us stocks down about 06 after greek vote
Last Updated : GMT 21:09:51
Arab Today, arab today
Arab Today, arab today

US stocks down about 0.6% after Greek vote

Arab Today, arab today

Arab Today, arab today US stocks down about 0.6% after Greek vote

US stocks
New York - AFP

US stocks fell in early trade Monday after Greek voters rejected a creditor austerity package, throwing Greece and the eurozone into turmoil.

About 40 minutes into trade, the Dow Jones Industrial Average stood at 17,647.80, down 82.31 points (0.46 percent).

The broad-based S&P 500 fell 9.00 (0.43 percent) to 2,067.78, while the tech-rich Nasdaq Composite Index dropped 18.87 (0.38 percent) to 4,990.34.

Earlier, European bourses fell after 61 percent of Greeks voters opted against accepting further austerity measures to unlock key bailout funds.

The vote raised immediate worries about a cash crunch in Greece and the debt-wracked country's ability to stay in the eurozone.

"Statements from European officials about doing 'whatever is necessary' and actions to provide yet more liquidity as necessary may help, but the problems are real. Very real," said a note from Briefing.com.

"There is also now a serious risk that Spain and other countries will experience popular discontent towards austerity measures, spurred on by the undeniable resentment and anger represented in the Greek vote."

Most Asian markets finished lower after the Greek vote. Shanghai gained 2.41 percent as officials unveiled measures to shore up liquidity in Chinese markets.

Health insurer Humana gained 2.7 percent after unveiling a $37 billion deal to be acquired by rival Aetna. Aetna fell 4.6 percent.

Anthem and Cigna, two other health insurers that have been seen as possible merger partners, both fell. Anthem lost 1.8 percent, while Cigna fell 1.4 percent.

Weight Watchers surged 16.6 percent following a report in the New York Post that an activist hedge fund may lead a consortium of companies to buy out the weight-loss service.

Tech giants Intel and Cisco Systems fell 0.9 percent and 1.0 percent. Apple shed 0.7 percent.

Large banks were also weak, including Bank of America (-1.0 percent), Citigroup (-1.1 percent) and Wells Fargo (-0.9 percent).

Bond prices rose. The yield on the 10-year US Treasury fell to 2.31 percent from 2.38 percent Thursday, while the 30-year dropped to 3.11 percent from 3.19 percent. Bond prices and yields move inversely.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks down about 06 after greek vote Arab Today, arab today us stocks down about 06 after greek vote

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks down about 06 after greek vote Arab Today, arab today us stocks down about 06 after greek vote

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday