Mon, May 28, 2012, 6:44 PM EDT - U.S. Markets closed for Memorial Day

Stock futures fall as Greece fails to OK all cuts

US stock futures lower as Greek leaders fail to accept entire austerity package

Associated Press – Thu, Feb 9, 2012 7:46 AM EST

NEW YORK (AP) -- U.S. stock futures are falling after Greek leaders failed to accept the entire batch of new austerity measures demanded by creditors, leaving its bailout in limbo.

Dow Jones industrial futures are down 17 points at 12,826. The broader S&P 500 futures are down 3 points to 1,344. Nasdaq composite futures are down 7 points to 2,538.

The Greek finance minister is headed to Brussels to meet his counterparts from the other 17 euro countries, hoping to rescue the €130 billion ($173 billion) bailout and stave off bankruptcy.

The prevailing view in the markets has been that Greece will avoid defaulting on its debts next month.

Investors also will be looking to an 8:30 a.m. ET report on U.S. unemployment claims for signals on the strength of the job market.

 

4 comments

  • LibertyMark
    LibertyMark  •  3 months ago
    Even a child can understand: this is what happens when you spend more than your income, and instead of being responsible, you go on a binge with your credit card.

    The same thing is happening, and has been happening for years, in the United States.
  • idonotlikethisatall
    idonotlikethisatall  •  Los Angeles, California  •  3 months ago
    Hundred times already... Get rid of it... it is a parasite
  • Jb
    Jb  •  Waynesboro, Virginia  •  3 months ago
    Tom, You obviously have never been to Greece.
    • Ro
      Ro 3 months ago
      never want to -- they are ruining our economy-- just like odumba
  • Tom
    Tom  •  Iowa Falls, Iowa  •  3 months ago
    Osama Obama is turning the US into another Greece, Thanks for nothing.
 Post a comment
 
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