The
Standard & Poor’s 500 Index fell below its average price for the
past 200 days for first time since October, as commodities plunged and
the Greece crisis continued.
The
S&P 500 Index slipped 0.6 percent to 2,057.35 at 12:05 p.m. in New
York, and earlier reached a three-month low. The Dow Jones Industrial
Average retreated 119.06 points, or 0.7 percent, to 17,564.52. The
Nasdaq Composite Index declined 1.2 percent. Trading volume in S&P
500 companies was 39 percent above the 30-day average for this time of
day.
U.S.
stocks fell on Monday after Greek voters rejected austerity measures in
a referendum. Prime Minister Alexis Tsipras is in Brussels today for
what could be a last chance to secure a rescue from European leaders and
keep his country in the euro. Finance ministers and leaders from the
region meet today, and they have all made clear the onus is on Greece to
explain how it plans to pull itself out of the crisis.
Source : Bloomberg
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