Stocks Closed Mildly Lower on Data, Greece

U.S. stocks closed slightly lower on Tuesday, as investors failed to hold positive momentum over domestic data and Greece debt talks. The Dow Jones Industrial Average lost 28.43 points, or 0.16%, to 18,011.94. The S&P 500 was off 2.13 points, or 0.10%, to 2,109.60. The Nasdaq Composite was down 6.41 points, or 0.13%, to 5,076.52.

Factory orders stumbled in April, said a Commerce Department report, with an 0.4% decline that was worse than the 0.1% expected. It was the 8th decline in the last 9 months.

U.S. auto sales were stronger than expected in May, boosted by Memorial Day promotions and strong demand for new SUVs.Sales rose 2 percent over last May to more than 1.64 million cars and trucks, their fastest pace since July 2005.

The European Commission, the European Central Bank and the International Monetary Fund agreed on a proposed deal for Greece, a senior EU official said in a Reuters report. Greece faces a Friday deadline for a $300 million euro repayment to the IMF.