Stocks closed mixed on Friday and lower for the week as worries about key Greek debt talks this weekend weighed on the market. The S&P 500 lost 0.03 percent, the Dow Jones Industrial Average gained 0.31 percent, and the Nasdaq declined 0.62 percent. For the week, the S&P 500 posted losses of 0.4 percent and the Dow fell 0.32 percent losses of roughly 0.30 percent, while the Nasdaq fell 0.71 percent. European officials told Reuters that the odds of a deal at Saturday’s meeting ‘were better than 50 percent’ as creditors may be willing to reschedule the country’s debt payment. So far, Greece and its creditors were unsuccessful in agreeing to a debt deal, despite three meetings this week. The clock is ticking as Greece has a payment due to the International Monetary Fund on June 30. Also on Friday, the Russell 2000, an index of small-cap stocks, was reshuffled in an annual event that tends to result in the busiest trading day of the year. Meanwhile, oil prices fell 0.18 percent to settle at $59.63 a barrel.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
