US stocks edge lower in early trade as Greece talks proceed
Jul 7, 2015, 7:06 AM
In this photo taken Monday, July 6, 2015, a stock investor monitors the Shanghai Composite Index at a brokerage house in Qingdao in east China's Shandong province. Chinese stocks fell Tuesday despite official efforts to shore up slumping prices while other Asian markets were mixed after Wall Street's decline. (Chinatopix Via AP) CHINA OUT
(Chinatopix Via AP)
NEW YORK (AP) — U.S. stocks are edging lower in early trading as investors wait to see what happens at a summit meeting of European leaders to discuss Greece’s strained finances.
The Dow Jones industrial average was down 36 points, or 0.2 percent, to 17,649 as of 9:35 a.m. Eastern time.
The Standard & Poor’s 500 index lost two points, or 0.1 percent, to 2,066. The Nasdaq composite fell 17 points, or 0.3 percent, to 4,974.
Materials stocks fell more than the rest of the market. Mining company Freeport-McMorRan dropped 5 percent, the most in the S&P 500.
The price of oil stabilized a day after plunging 8 percent. U.S. benchmark crude edged down 21 cents to $52.31 a barrel.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.
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