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Stocks slip and dollar gains against the euro as Greek debt crisis unfolds

Stocks slip and dollar gains against the euro as Greek debt crisis unfolds

U.S. stock prices slipped and the dollar edged higher against the euro Monday as investors watched warily to see if Greece’s financial crisis worsens. Prices of U.S. Treasury bonds also rose as traders sought safer places to invest while the Greek debt saga keeps unfolding. But crude-oil prices plummeted 7% toward a three-month low as the dollar’s strength — oil is priced in dollars worldwide — added to other factors weighing on oil markets. U.S. markets reopened after a three-day holiday weekend to observe Independence Day and after Greeks voted Sunday to reject creditors’ terms for that country’s latest bailout package. The referendum vote heightened...

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