U.S. Stocks Fall With European Shares, Bonds Gain on Greek Talks

U.S. stocks fell with European equities, while Treasuries rose with German bunds in a reversal of recent trades as Greece remained deadlocked with its creditors over debt.

The Standard & Poor’s 500 Index lost 0.4 percent at 12:22 p.m. in New York, halting a two days of gains. The Stoxx Europe 600 Index slid 0.4 percent after its best four-day rally since January. The euro was little changed at $ 1.1175 after its biggest drop in three months. The yield on 10-year German bunds fell three basis points to 0.84 percent. Oil fell 1.4 percent.

Germany downplayed the chances of an imminent deal with Greece after the Mediterranean nation rejected the latest terms set by creditors to unlock bailout aid. The signs of fresh cracks between the sides damped optimism from earlier in the week that had sent stocks higher around the world.

Source: Bloomberg

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