US STOCKS SNAPSHOT - Wall St opens lower on Greece, fiscal cliff

NEW YORK Mon Nov 26, 2012 9:34am EST

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NEW YORK Nov 26 (Reuters) - U.S. stocks opened lower on Monday as investors focused on the meeting of euro zone finance ministers on Greece and negotiations over the U.S. "fiscal cliff" after last week's rally.

The Dow Jones industrial average dropped 56.59 points, or 0.43 percent, to 12,953.09. The Standard & Poor's 500 Index lost 5.59 points, or 0.40 percent, to 1,403.56. The Nasdaq Composite Index fell 6.46 points, or 0.22 percent, to 2,960.39.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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