Stocks Ended Lower on Greece Worries

U.S. stocks ended lower on Friday, but the main indexes still recorded weekly gains, as the persistent deadlock in Greek debt talks turned investors cautious heading into the weekend. The Dow Jones Industrial Average slipped 101.56 points, or 0.56%, to 18,014.28, but ended the week with a 0.6% gain. The S&P 500 fell 11.48 points, or 0.54%, to 2,109.76, but posted a 0.8% gain over the week. The Nasdaq Composite was down 15.95 points, or 0.31%, to 5,117.00, and posted a 1.3% weekly gain.

Ahead of the opening bell, the European Central Bank approved an emergency loan to Greece’s banking system nearly 24 hours after eurozone finance ministers failed to reach strike a deal with debt-laden Greece

John Williams, president of the Federal Reserve Bank of San Francisco, said the central bank is likely to raise interest rates this year as the economy reaches full employment, though he’s troubled by low inflation.

Office Depot shareholders voted overwhelmingly in favor of the company’s $6.3 billion acquisition by one-time rival Staples.

E-commerce giant EBay has sold its 28.4% stake in Craigslist back to the online classified advertising website. Financial terms of the agreement were not disclosed.






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