Stocks Opened Lower on Greek Impasse

U.S. stocks opened lower on Tuesday, as investors weighed risks amid a breakdown in talks
between Greece and its European creditors. The Dow Jones Industrial Average lately fell 49.19
points, or 0.27%, to 17,970.16. The S&P 500 dropped 6.29 points, or 0.30%, to 2,090.70. The
Nasdaq Composite shed 10.33 points, or 0.21%, to 4,883.50.

Discussions aimed at finding common ground between Greece and its creditors ended on Monday without breaking an impasse. With no deal, the government could run out of money by March and be forced to choose between breaking election promises or abandoning the euro.

Apple Inc (AAPL.O) has asked its Asian suppliers to make 5-6 million units of its three Apple Watch models for the first-quarter, the Wall Street Journal reported, citing people familiar with the matter.

Starwood Hotels & Resorts (HOT) said president and CEO Frits Van Paasschen resigned “by mutual agreement with the board of directors.” Van Paasschen, who has been CEO since September of 2007, will be replaced by Adam Aron as interim CEO until a permanent replacement is found.

Oil rose to $62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output. Brent crude (LCOc1) rose 60 cents to $62.00 a barrel by 1101 GMT (06:01 a.m. EST).