| US stocks down as Greek wait continues |
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(February 7,2012) US stocks have opened slightly lower as investors turned their eyes to Greece, where talks dragged on over terms of new spending cuts. The Dow Jones industrial average lost 37 points to 12,808 shortly after the opening bell overnight. The Standard & Poor's 500 gave up five points to 1339. The Nasdaq composite fell 10 points to 2891. Investors are monitoring talks in Athens over new cost-cutting measures being demanded by Greece's lenders. They're worried that the measures may not get passed in time to release the latest instalment of emergency loans for the struggling country. Markets in Europe and Asia also fell. In the US, Coca-Cola rose after its earnings beat Wall Street's expectations. (source:news.au) |