US STOCKS-Greek angst weighs on Wall St; health stocks rise

lunes 15 de junio de 2015 16:29 GYT

* Report of possible M&A lifts some healthcare providers

* United Tech falls as it looks to exit helicopter business

* Indexes off: Dow 0.6 pct, S&P 0.46 pct, Nasdaq 0.42 pct (Updates to close, changes byline)

By Rodrigo Campos

June 15 (Reuters) - Stocks fell on Wall Street on Monday as investors fretted over the consequences of a possible debt default by Greece, but talk of multi-billion dollar healthcare deals buoyed shares in the sector, cutting into the market's loss.

After Sunday's breakdown of the cash-for-reform talks between Athens and its creditors, Greece has two weeks before facing a 1.6 billion euro repayment due to the International Monetary Fund that could leave it out of cash. On Monday, positions among negotiators hardened.

Indexes had opened sharply lower on the Greek developments but cut losses through most of the session.

"This market is moving toward the position of an increasing probability that there is going to be a Greek default. That's what started us off so badly," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.

"We've never had a country part of the euro currency system default, so we don't really know what the impacts are going to be. Away from the consensus you got to become a little cautious thinking what the derivative reactions are going to be."   Continuación...