US stocks : Dow off 0.6 pct
as many weeks to agree on releasing emergency aid for Greece, with policymakers saying a write-down of Greek debt is off the table for now.
We had a good week last week and absent any news we were going to give something back today, Mata said. There's no catalyst to continue the rally we saw last week, though Greece would have been important if we weren't dealing with the fiscal cliff.
The Dow Jones industrial average fell 77.92 points, or 0.60 percent, to 12,931.76. The S&P 500 Index dropped 6.99 points, or 0.50 percent, to 1,402.16. The Nasdaq Composite Index shed less than a point at 2,966.75.
Major indexes ended last week with gains of 3 to 4 percent, with the Dow above 13,000 and the S&P above 1,400 for the first time since Nov. 6.
Shares of Knight Capital Group Inc jumped 17.7 percent to $2.93 following reports that rivals might be preparing to bid for part or all of the electronic trading firm.
Apple Inc has asked a federal court to add six more products to its patent infringement lawsuit against Samsung Electronics, including the Samsung Galaxy Note II, in the latest move in an ongoing legal war between the two companies. Apple shares were up 2.8 percent at $587.37.
Be the first to comment.
