U.S. Stock Futures Drop As Greek Crisis Worsens

Futures for U.S. stock indexes remained sharply lower ahead of Wall Street's open on Monday, with markets facing the likelihood that Greece could default on its debt after the European Central Bank capped the level of much-needed emergency funding for Greece's banking system. Futures for the S&P 500 dropped 1.2%, while those for the Dow Jones Industrial Average slid 214 points, or 1.2%. Nasdaq 100 futures were down 1.3%. On Friday, the Dow industrials finished 0.3% higher, while the Nasdaq Composite lost 0.6%, and the S&P 500 ended flat.