Wall Street drops as Greek talks stall, data weighs
NEW YORK - U.S. stocks dropped on Friday, putting the S&P 500 on pace for its first weekly decline in the past six, after another snag in negotiations for a financial bailout package for Greece. | Video
Recent Business News
Housing a "significant headwind" to recovery: Fed's Pianalto
CLEVELAND, Ohio - The housing market is holding back the broader economic recovery now that foreclosures have become "a national crisis," a top Federal Reserve official said on Friday.
Bernanke urges action to heal U.S. housing markets
ORLANDO, Florida - Federal Reserve Chairman Ben Bernanke on Friday issued a call to action to restore U.S. housing markets, saying depressed house prices and sales are a serious drag on the economic recovery.
Exclusive: Future of bank benchmark rate under review
LONDON - A global probe into whether banks colluded to set the interest rates at which they borrow money from each other has thrown into question the future of the benchmark they use to price financial products worth an estimated $360 trillion.
Portugal watches Greek debt drama with foreboding
LONDON - Portugal's economy will shrink as much as Greece's this year, according to IMF projections. The two will have identical current account deficits and the red ink in Portugal's budget will be almost as deep as in Greece's.
The Disney Channel: more than just a pretty face
LOS ANGELES - The Disney Channel -- home to bubbly fare from "Hannah Montana" to "High School Musical" -- has emerged as a potent global engine for Walt Disney Co after decades of quiet expansion. And it couldn't come at a better time for the Mouse House.
Markets
- U.S.
- Europe
- Asia
- Sectors
| DOW | 12,755.59 |  -134.87 |
-1.05% |
| S&P 500 | 1,341.77 | -10.18 |
-0.75% |
| NASDAQ | 2,900.42 | -26.81 |
-0.92% |
| TR US Index | 122.15 | -1.19 |
-0.96% |
Sector Summary
| Energy | -1.37% |
| Basic Materials | -2.07% |
| Industrials | -1.14% |
| Cyclical Goods & Services | -0.90% |
| Non-Cyclical Goods & Services | -0.61% |
| Financials | -1.51% |
| Healthcare | -0.48% |
| Technology | -0.94% |
| Telecoms | -0.95% |
| Utilities | -0.59% |
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