US investors still uncertain - New York Report

STOCKS eased yesterday as mixed messages about Greece’s debt talks kept investor uncertainty high along with a sharp drop in Chinese shares after brokers tightened margin rules.

Investors also were cautious ahead of today’s reading on US gross domestic product.

The Dow Jones industrial average fell 36.87 points, or 0.2 per cent, to 18,126.12, the S&P 500 dropped 2.69 points, or 0.13 per cent, to 2,120.79 and the Nasdaq Composite lost 8.62 points, or 0.17 per cent, to 5,097.98.

Shares of Caterpillar fell 2.2 per cent to $86.01 which helped to drag down the S&P 500 and Dow, while shares of transportation companies extended recent losses.

Among gainers, action camera maker GoPro rose 6.6 per cent to $56.81 after GoPro and Google introduced a virtual reality system using 16 cameras and Google software. Google shares were near flat at $554.18.