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U.S. stocks open mixed on Greek concern

Xinhua, May 18, 2015 Adjust font size:

U.S. stocks opened mostly lower on Monday, following European markets as renewed concerns about Greece' s debt situation weighed on investor sentiment.

A Greek government spokesman said Athens needed an agreement with creditors by the end of the month. European stocks turned to trade mostly lower on fears that Greece is on the verge of bankruptcy.

Chicago Fed Resident Charles Evans said the U.S. Federal Reserve could look at a rate hike in June if the economy is strong enough, according to Reuters.

However, most analysts said the central bank should not raise interest rate until early 2016 due to U.S. weak economic data.

Shortly after the opening bell, the Dow Jones Industrial Average ticked up 3.04 points, or 0.02 percent, to 18,275.60. The S&P 500 edged down 2.07 points, or 0.10 percent, to 2,120.66. The Nasdaq Composite Index lost 9.55 points, or 0.19 percent, to 5,038.74.

U.S. stocks finished mixed after wavering in a tight range on Friday, with the S&P 500 eclipsing previous session' s closing record, as a string of economic report came out negative. Endi