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Stock futures lower as Greek wait continues

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[February 07, 2012]  NEW YORK (AP) -- U.S. stock futures are falling as talks drag on in Greece on terms of a second bailout to prevent a bankruptcy.

Dow Jones industrial futures are down 33 points to 12,743. The broader S&P 500 futures are down 5 points to 1,334. The Nasdaq composite fell 5 points to 2,521.

With much of Greece coming to a standstill due to a general strike called against impending cutbacks, markets will be monitoring political leaders' talks in Athens. Heads of the three parties backing the interim government will try to thrash out a deal on new austerity measures needed to get bailout cash.

The futures mirror declining markets in the rest of the world. European stocks followed Asian markets lower earlier Tuesday.

[Associated Press]

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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