Stocks Close Lower Under Greece Pressure

U.S. stocks closed near session lows on Thursday, failing to hold initial gains, as lack of resolution between Greece and its creditors weighed on investor sentiment. The Dow Jones Industrial Average fell 75.71 points, or 0.42%, to 17,890.36. The S&P 500 fell 6.27 points, or 0.30%, to 2,102.31. Te Nasdaq Composite was down 10.22 points, or 0.20%, to 5,112.19.

A key meeting of eurozone finance ministers broke up without agreement on Greece’s rescue package on Thursday, intensifying doubts about whether Athens can make a crucial debt payment due in just a few days.

General Motors Co.’s product chief, Mark Reuss, said the new versions of the high-volume Chevrolet midsize and small cars will earn the auto maker $1,500 to $2,000 more “variable profit” per sale than the models they replace.

The American taxpayer could be shelling out nearly $31 million to Microsoft (MSFT) because the U.S. Navy hasn’t updated some of its computers from Windows XP.

A financial affiliate of Chinese e-commerce giant Alibaba Group Holding Ltd. BABA 0.11 % began operations of an online bank Thursday, though its limited services indicate the challenges it faces in China’s tightly regulated banking sector.