US stocks close lower on Greece default threats

Source: Marketwatch
US shares fell on Friday, making the biggest daily decline in 2012 as investors digested news EU finance ministers postponed rescue package until legal implementation of austerity plan. S&P 500 index dropped 0.7% or 9.31 points to 1,342.64, Dow Jones Industrial Average index also slipped 0.7% or 89.23 points to 12,801.23 and Nasdaq Composite lost 0.8% or 23.35 points to 2,903.88. 

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