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Business / Stock Market

US stocks open lower after leftists top Greek vote

Published: 26 Jan 2015 - 05:51 pm | Last Updated: 18 Jan 2022 - 03:43 am

 

New York--US stocks fell in opening trade Monday after Greece voters placed the leftist, anti-austerity party Syriza in power in a vote that could spell more turbulence for markets.

Ten minutes into trade, the Dow Jones Industrial Average was down 82.46 points (0.47 percent) at 17,590.14.

The broader S&P 500 lost 8.94 (0.44 percent) at 2,042.88, while the Nasdaq Composite sagged 18.45 points (0.39 percent) to 4,739.43.

"Investors can expect Greek-led market volatility for at least six months until a Syriza-led government is better understood," said Tom Elliott, International Investment Strategist at London-based financial advisor deVere Group.

AFP