US STOCKS edged down yesterday, while the dollar fell and bond yields rose, as investors sought clarity on Greece’s debt crisis and awaited the US jobs report.
The dollar was on track for its biggest one-day percentage decline against a basket of major currencies in nearly two years, while the euro rose on expectations that Greece would reach a deal with creditors.
“The big moves are happening on the back of Greece,” said Alfonso Esparza, senior currency Strategist at Oanda in Toronto. “There’s a light at the end of the tunnel.”
Athens faces a Friday deadline to repay €300m (£218m) to the International Monetary Fund.
The Dow Jones industrial average fell 28.43 points, or 0.16 per cent, to 18,011.94, the S&P 500 fell 2.13 points, or 0.1 per cent, to 2,109.6, and the Nasdaq Composite fell 6.40 points, or 0.13 per cent, to 5,076.52.
MSCI’s all-country world index of stock performance in 46 countries was up 0.23 per cent.