US stocks close lower amid Greek debt crisis

Jessica Morris
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Global markets held up despite the deepening Greek crisis (Source: Getty)

United States stocks closed lower today, however they clawed back some of the sharp losses seen at the open, after European and Asian markets which shook off the fallout from the Greek debt crisis earlier in the day.

The Dow Jones Industrial Average ended the day down 46.53 points, or 0.26 per cent, to just 17,683.58.

Meanwhile the S&P 500 closed down 0.39 per cent at 2,068.76, while the Nasdaq Composite was 0.34 per cent lower at 4,991.94.

Today Tsipras had told ECB president Mario Draghi that the capital controls on Greece must be lifted, however IMF chief Christine Lagarde said it can't release more funds because Greece is in arrears.

It comes after Greece voted against accepting bailout conditions from the country's so-called "troika" of lenders in return for unblocking credit that it so desperately needs last night.

And while Greece's lenders have insisted they will not enter into further renegotiations, Prime Minister Alexis Tsipras has said that a "no" vote will put the Greeks in a stronger position.

Investors will now turn their eye to a summit tomorrow where Eurozone leaders and finance ministers are meeting to discuss their next move.

Nerves were frayed after Chinese brokerages and fund managers promised to buy more stocks as Beijing unleashed an series of measures to prop up its struggling stock market.

The main Shanghai index has shed as much as 30 per cent over the past three weeks.

Read more: Chancellor George Osborne says Greece at "critical moment" after referendum

Health insurer Aetna shed 6.4 per cent to $117.43 after it said it intended to buy smaller rival Humana for about $37bn Humana closed up 0.8 percent to $188.96.

Weight watchers closed up 8.07 per cent at $4.42 after a number of media reports said it was takeover target by an unknown activist hedge fund.

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