US stocks down on Greek default fears

US stocks closed mostly lower today amid concerns that Greece will default on its public debt and as investors awaited the end of a Federal Reserve meeting hoping for new stimulus for the economy. Erasing earlier gains, the Dow Jones Industrial Average rose 10.75 points (0.09 per cent) to 11,411.76 in closing trade. The broader S&P 500 fell 1.64 points (0.14 per cent) to 1202.45, while the tech-heavy Nasdaq Composite dropped 22.59 points (0.86 per cent) to 2590.24. Investors shrugged off S&P's one-notch downgrade of Italy's credit rating yesterday and focused on Greece's continuing bailout talks with its lenders, the European Union, European Central Bank and International Monetary Fund, for a new installment on its rescue package to avoid a debt default. Start of sidebar. Skip to end of sidebar. End of sidebar. Return to start of sidebar.