US STOCKS-U.S. stocks lower amid Greek debt worries

lunes 15 de junio de 2015 12:59 GYT
 

* Fed meeting in focus this week

* Dow lower for the year

* Cigna touches record high after Anthem takeover offer report

* Indexes down: Dow 0.7 pct, S&P 0.5 pct, Nasdaq 0.6 pct (Updates to early afternoon)

By Tanya Agrawal

June 15 (Reuters) - U.S. stocks recouped some of their losses in afternoon trading on Monday after a sharp fall on worries about Greece's debt, but the Dow Jones Industrial Average remained in negative territory for the year.

Talks between Greece and its creditors broke up after less than an hour on Sunday, raising the prospect of Athens being unable to repay $1.8 billion owed to the International Monetary Fund by the end of this month.

"The market has had a long time to prepare for (a Greek default) and has done what it can with what it sees on the horizon but with situations like this, there is always an unknown factor," said Ashwin Bulchandani, head strategist at asset manager MatlinPatterson in New York.

"Uncertainty freaks the market out. It makes it very, very nervous."   Continuación...