U.S. Stocks Fall as Europe Finance Chiefs Meet on Greece

Posted by Forexsq 627 days ago (http://www.bloomberg.com)
img U.S. stocks fell, after the Standard & Poor’s 500 Index’s biggest weekly retreat since June, as European finance ministers met to discuss Greek aid.

Apple Inc. (AAPL) slumped 1.3 percent after dropping for seven straight weeks. Facebook Inc. (FB) lost 1.1 percent on concern employees will start selling their shares when a prohibition on insider sales expires. Jefferies Group Inc. jumped 12 percent after Leucadia National Corp. (LUK) said it will buy the investment bank. Titanium Metals Corp. (TIE) surged 42 percent after Precision Castparts Corp. agreed to buy the maker of melted products.

The S&P 500 fell 0.1 percent to 1,378.04 at 12:01 p.m. in New York, after advancing as much as 0.4 percent earlier. The Dow Jones Industrial Average dropped 20.89 points, or 0.2 percent, to 12,794.50. Trading in S&P 500 companies was 27 percent below the 30-day average at this time of day.

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