By Kate Gibson, MarketWatch
NEW YORK (MarketWatch) — U.S. stocks started lower on Tuesday, with the S&P 500 on the retreat after five days of gains, as talks to resolve Greece’s debt-swap issues floundered.
“It’s still Greece, and really that hasn’t gone away at all,” said Paul Nolte, managing director at Dearborn Partners in Chicago.
The Dow Jones Industrial Average DJIA -0.55% fell 72.13 points to 11,636.69, with all but six of its 30 components sliding.
The DuPont Co. DD -0.61% reported quarterly revenue below Wall Street’s expectations, with shares of the conglomerate among the blue-chip decliners.
The S&P 500 SPX -0.49% declined 7.75 points to 1,308.25.
The Nasdaq Composite COMP -0.30% shed 15.66 points to 2,771.93.
For every stock advancing more than five fell on the New York Stock Exchange, where nearly 80 million shares traded as of 9:50 a.m.
European finance ministers took a tough position on how much money they would funnel to the Greek economy as Athens looked to get its private creditors to trade their Greek government bonds for new ones worth far less than their face value. Read more on Greek talks, Europe stocks.
The euro EURUSD -0.31% slid against the U.S. dollar, lately at $1.2971.
