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US: Stocks dip on worries about Greece


[NEW YORK] Wall Street stocks dipped on Thursday, following leading eurozone equity markets lower on worries about a potential Greek exit from the trading bloc.

At the closing bell, the Dow Jones Industrial Average was at 18,127.02, down 35.97 points (0.20 per cent).

The broad-based S&P 500 shed 2.54 (0.12 per cent) to 2,120.94, while the tech-rich Nasdaq Composite Index lost 8.62 (0.17 per cent) at 5,097.98, retreating from Wednesday's record.

Frankfurt's DAX 30 index fell 0.79 per cent and the CAC 40 in Paris lost 0.86 per cent as the tense standoff between Greece and its creditors hung over a meeting finance ministers from the Group of Seven leading industrialised nations.

International Monetary Fund chief Christine Lagarde warned of the potential for a Greek exit of the eurozone and said such a scenario would not be "a walk in the park" for the single currency area.

Analysts also noted that the Shanghai Composite Index fell 6.5 per cent on worries about tighter margin requirements in Chinese markets.