U.S. Stock-index Futures Point To Lower Open After Greek Vote

By Michael KitchenMarketWatch Pulse

U.S. stock-index futures sat solidly lower early Monday, as markets in Asia took a sharp drop after Greece voted to reject the terms of its current bailout agreement. About 10 hours ahead of the open of U.S. markets, the CBT eMini Dow Jones Industrial Average futures were 1.1% weaker, while eMini Nasdaq 100 futures and futures for the S&P 500 were down 1.2% each. All three were above their earlier lows immediately following the Greek referendum results, although they could change considerably ahead of the start of trade in New York, especially after the European markets open. Still, the U.S. futures were performing better than many of the top Asia stock benchmarks, with Japan's Nikkei Average down 1.8% and Hong Kong's Hang Seng Index plunging 3.1%. The Dow industrials ended Friday trade down 0.2%, while the Nasdaq Composite gave up 0.1%, and the S&P 500 ended little changed.

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