Topics

Business

U.S. stocks slip after Greek 'no' vote; European markets sink

U.S. stocks slip after Greek 'no' vote; European markets sink

Stocks are falling in the U.S., but not dramatically, joining a wave of selling across the globe Monday after Greeks voted overwhelmingly to reject the terms of the country's latest bailout package. U.S. government bond prices rose as investors sought safe places to park money. Oil drillers and other energy companies fell sharply as the price of oil sank 4.7 percent. The market declines were not as bad as many had feared, something analysts are crediting to the resignation of the Greek finance minister, which might help bailout talks resume. In Sunday's referendum on creditor proposals, 61 percent of Greeks voted “no,” a much higher proportion than anticipated....

Loading