U.S. stocks drifted lower Monday after Greeks resoundingly rejected creditors' conditions for further financial aid. More than 61% of Greek citizens voted "no" in Sunday's referendum on the terms for a bailout that included pension cuts, tax increases and other measures. The "no" vote appeared to increase the likelihood that Greece may eventually exit the eurozone. Meanwhile, worries about China's stock markets contributed to the price of oil falling to a three-month low. Energy companies were the worst performing group in the S&P 500, which lost 8 points, or 0.4%, to 2,069. The Dow Jones Index dropped 47 points, or 0.3%, to 17,684.
Argonaut | The Natural Choice in Resources.
© 2024 Argonaut.