U.S. Stocks Open Lower After Greece Rejects Bailout Terms

U.S. stocks began the week on a downbeat note as investors worldwide dumped riskier assets such as equities following Greece's overwhelming rejection of bailout terms, which increased the prospect of the country exiting the eurozone. The S&P 500 opened 16 points, or 0.8% lower at 2,059. The Dow Jones Industrial Average lost 150 points, or 0.8%, to 17,581. The Nasdaq Composite began the day down 48 points, or 1% at 4,961.