US STOCKS-Wall St falls as Grexit fears grow

lunes 29 de junio de 2015 10:51 GYT

* Nine of 10 S&P sectors in the red

* Financials weigh on the S&P

* CBOE Volatility index spikes 18 pct

* Indexes down: Dow 0.89 pct, S&P 0.89 pct, Nasdaq 1.01 pct (Adds housing data, updates prices)

By Sweta Singh

June 29 (Reuters) - Most U.S. stocks fell on Monday after Greek bailout talks collapsed, intensifying fears that the country could be the first to exit the euro zone.

Trading was heavy, with investors dropping riskier assets such as equities and commodities. The S&P 500 fell nearly 1 percent and nine of the 10 main S&P sectors retreated. The only group to rise was utilities, considered a defensive play.

The European Central Bank froze funding to Greek banks, forcing Athens to shut banks for a week to keep them from collapsing.

"A week ago, it seemed very likely that we were close to having a resolution, and now all of a sudden we're waking up to capital controls?" said Leo Grohowski, who oversees about $194 billion in client assets as chief investment officer at BNY Mellon Wealth Management in New York.   Continuación...