Tallahassee Journal

Dow stumbles as Greece deal talks loom

Dow stumbles as Greece deal talks loom

Wall Street is still betting that a last-minute deal between debt-strapped Greeece and its creditors gets done. But the Dow is down in early trading ahead of today’s emergency talks. In early trading Friday, the Dow Jones industrial average was off as much as 100 points, or 0.6%, to 17,883._47737308_greece

A meeting between Greece and its eurozone creditors in Brussels is now set for 11 a.m. ET today after the meeting time was pushed back twice. Greece is looking for a six-month extension to its debt-bailout deal, while one of its creditors, Germany, is saying that’s “unacceptable.” “Waiting for Greece,” is the way Barclays describes Wall Street this morning. “All eyes will be on the outcome of the Eurogroup meeting scheduled for today.”

The showdown is being closely watched by Wall Street as Greece’s current deal, which includes loans and other financial lifelines, expires at the end of this month. If a deal is not sealed, there is fears related to the fallout from a Greek default and exit from the eurozone. Barclays says if an agreement is not reached today, talk of capital controls in Greece and an exit from the eurozone will pick up.