Stock Futures Fall On Greek Deal Holdup

By: Associated Press
By: Associated Press

U.S. stock futures are following overseas markets lower after Greece's crucial bailout was put on hold by the rest of the eurozone, a day after it seemed that the country had pacified its creditors.

Dow Jones industrial futures are down 69 points at 12,773. The broader S&P futures have fallen 10 points to 1,338. The Nasdaq composite futures are 13 points lower at 2,549.

On Thursday, Greek leaders agreed to private sector wage cuts, civil service layoffs and cuts in government spending.

But finance ministers from the other 16 eurozone states then insisted that Greece save an extra €325 million ($430 million), pass the cuts through parliament and guarantee that they will still happen even after planned elections in April.

European and most Asian markets also fell on the news.

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