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U.S. stocks open lower on Greek uncertainty

Xinhua, June 2, 2015 Adjust font size:

U.S. stocks opened lower on Tuesday, as Greek debt crisis weighed on market sentiment.

Greek government officials have turned down "ultimatums" to close a deal with international creditors to resolve the five-year Greek debt crisis, despite the looming June 5 deadline for the repayment of the next loan installment to the International Monetary Fund.

A meeting between German Chancellor Angela Merkel, French President Francois Hollande, IMF chief Christine Lagarde, European Central Bank President Mario Draghi and European Commission President Jean-Claude Juncker in Berlin Monday night ended with a call to intensify efforts to reach an agreement.

Athens must repay about 300 million euros (331 million U.S. dollars) to the IMF this Friday and a total of 1.5 billion euros (1.65 billion U.S. dollars) by July.

The data calendar is lighter on Tuesday, with only factory orders for April scheduled for release in late morning.

U.S. stocks posted modest gains to kick off June's trading on Monday, as investors assessed a batch of mixed economic data.

Shortly after the opening bell, the Dow Jones Industrial Average fell 69.20 points, or 0.38 percent, to 17,971.17. The S&P 500 lost 8.19 points, or 0.39 percent, to 2,103.54. The Nasdaq Composite Index was down 24.87 points, or 0.49 percent, to 5,058.06. Endi