Arab Today, arab today us stocks drop as greek talks flounder
Last Updated : GMT 20:39:39
Arab Today, arab today
Arab Today, arab today

US stocks drop as Greek talks flounder

Arab Today, arab today

Arab Today, arab today US stocks drop as Greek talks flounder

US stocks
New York - AFP

US stocks fell in early trade Monday on worries about a potential Greek debt default after talks between Greece and creditors collapsed over the weekend.

About 35 minutes into trade, the Dow Jones Industrial Average stood at 17,750.53, down 148.31 points (0.83 percent).

The broad-based S&P 500 shed 15.92 (0.76 percent) to 2,078.19, while the tech-rich Nasdaq Composite Index sank 51.35 (1.02 percent) to 4,999.75

Negotiations between Greece and creditors ended in acrimony Sunday as Athens seeks needed bailout funds to meet a deadline to pay 1.6-billion-euro ($1.8 billion) to the IMF at the end of the month.

Tensions remained high Monday, with Greek Prime Minister Alexis Tsipras accusing creditors of "looting" as they pressure Athens to further trim its pension system.

United Technologies fell 2.5 percent as it announced it would separate its Sikorsky helicopter business. The industrial conglomerate and defense contractor said it would decide whether to sell the unit or spin it off by the ened of the third quarter.

Target rose 1.7 percent on news it will sell its pharmacy and clinic business for about $1.9 billion to CVS Health. CVS Health will acquire more than 1,660 pharmacies across the US and operate them as a store-within-a-store within the big-box retailer. CVS Health gained 0.4 percent.

Chinese online marketplace Alibaba added 0.1 percent following reports it will launch an online video service in China modelled on Netflix. Netflix fell 2.5 percent.

Homebuilders Ryland Group and Standard Pacific surged on news they are combining to create a company with a market capitalization of $5.2 billion and an enterprise value of $8.2 billion. Ryland advanced 6.0 percent, while Standard Pacific added 6.2 percent.

Shares of Dealertrack Technologies, which provides software to auto dealers and lenders, jumped 57.5 percent higher on news it will be bought by Cox Automotive for $4 billion. Cox owns Kelley Blue Book and provides marketing and software services to the auto industry and consumers.

Chipmaker Micron Technology shed 4.6 percent following a downgrade by Morgan Stanley, which said high product inventories are depressing prices, leading to weakness in 2015 and uncertainty for next year.

Bond prices rose. The yield on the 10-year US Treasury fell to 2.33 percent from 2.39 percent Friday, while the 30-year dropped to 3.06 percent from 3.10 percent. Bond prices and yields move inversely.

 

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 drop as greek talks flounder Arab Today, arab today us stocks drop as greek talks flounder

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories for women

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories for women
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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