U.S. Stocks Open Weaker Amid Greece Worries
U.S. stocks opened weaker on Wednesday as investors awaited the outcome of the crucial meeting of eurozone finance ministers to discuss Greece's debt obligations, scheduled to begin in early evening in Brussels. U.S. budget figures will come later, while investors assess another batch of earnings, including AOL Inc., which reported better-than-expected earnings driven by strong advertising sales, and PepsiCo Inc., which beat Wall Street earnings estimates, but cited economic headwinds created by a strong U.S. dollar. The S&P 500 opened 2 points, or 0.1%, lower at 2,067. The Dow Jones Industrial Average slipped 39 points, or 0.3%, to 17,823. The Nasdaq Composite edged higher, up 5 points, or 0.1%, to 4,793 at the open.
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