Off the wire
• China's airliners strengthen MERS procedures  • Six large SOEs criticized for discipline violation  • Feature: Expo Milano 2015 enjoys Belgium conviviality  • Xinhua Asia-Pacific news summary at 1600 GMT, June 12  • Riyadh reports 1 MERS death case, 453 fatalities in total since 2012  • Roundup: Japan's ruling bloc head ambiguous on security bills amid confusion, criticism from public, political heavyweights  • 1st LD-Writethru-China Focus: China is coping with climate change  • SEA Games medal table  • Two young sisters poisoned in central China  • Roundup: Uganda's opposition forms coalition for 2016 polls  
You are here: 　 Home

U.S. stocks pull back on lingering Greece debt drama

Xinhua, June 13, 2015 Adjust font size:

U.S. stocks slid in the morning session Friday, as investors' optimism faded regarding a resolution of the Greek debt crisis.

At midday, the Dow Jones Industrial Average decreased 156.58 points, or 0.87 percent, to 17,882.79. The S&P 500 fell 15.04 points, or 0.71 percent, to 2,093.82. The Nasdaq Composite Index lost 32.02 points, or 0.63 percent, to 5,050.49.

European partners are losing patience on Greece. European Council President Donald Tusk said the country has no more time for "gambling," and urged Greek Prime Minister Alexis Tsipras to take the crucial decisions.

At the press conference after an EU-Latin America summit in Brussels, Belgium, Thursday, Tusk said the meeting of euro zone finance ministers in Luxembourg on June 18 will be crucial for Greece to cut debt deal.

Meanwhile, the International Monetary Fund said Thursday its delegation had left negotiations on Greece's debt talks in Brussels and flown home because of "major differences" with Athens.

On the economic front, the Producer Price Index for final demand rose 0.5 percent in May, seasonally adjusted, topping expectations, the U.S. Labor Department reported Friday.

Also, U.S. Consumer confidence rebounded in early June, regaining its average level recorded since the start of the year.

The preliminary reading of the consumer sentiment in June increased from May's final reading of 90.7 to 94.6, beating market consensus of 91.2, said the monthly Thomson Reuters/University of Michigan survey of consumers Friday. Endite