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US: Stocks fall as Greek default looms


[NEW YORK] US stocks dropped in opening trade on Monday as Greece neared default on its debts and possibly a turbulent exit from the eurozone.

Five minutes into trade, the Dow Jones Industrial Average was at 17,807.25, down 139.43 points (0.78 per cent). The broad-based S&P 500 fell 16.20 (0.77 per cent) to 2,085.29, while the tech-rich Nasdaq Composite Index dropped 53.12 (1.05 per cent) to 5,027.38.


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