The U.S. stocks edged lower on Monday as the talks between Greece political leaders dragged on, adding concerns that Greece may head into a debt default.
The Dow Jones industrial average lost 17.10 points, or 0.13 percent, to 12,845.13. The Standard & Poor's 500 dipped 0.57 points, or 0.04 percent, to 1,344.33. The Nasdaq Composite Index slipped 3.67 points, or 0.13 percent, to 2,901.99.
Major indexes hit multi-year highs on Friday after a stronger- than-expected jobs report, showing the U.S. economy was picking up.
However, stocks pulled back on Monday as Greece failed to strike a deal to secure the 130 billion euro rescue fund before another deadline of Monday, pushing the EU country closer to a chaotic debt default.
In corporate news, Chinese internet portal Sohu.com tumbled more than 15 percent after the company reported fourth-quarter results that beat estimates but provided a first-quarter outlook that was below current forecasts. |