|Page (1) of 1 - 02/07/12||email article||print page|
US stocks open lower, following European markets, as talks over Greek bailout drag on
NEW YORK (AP) ' Stocks are opening 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 Tuesday. The Standard & Poor's 500 gave up 5 points to 1,339. The Nasdaq composite fell 10 points to 2,891.
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 installment of emergency loans for the struggling country.
Markets in Europe and Asia also fell.
In the U.S., Coca-Cola rose after its earnings beat Wall Street's expectations.