Wall Street futures lower as Greek talks drag on

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NEW YORK (AP) -- U.S. stock futures are falling as talks drag on between Greek political leaders over a fresh austerity package that is required if the debt-ridden country is to get a crucial bailout package.

Dow futures are down 38 points at 12,755. The broader Standard & Poor's 500 futures fell 5 points to 1,334. The Nasdaq composite fell 9 points to 2,515.

The leaders of the parties backing Greece's coalition government are set to hold a second day of emergency talks over austerity measures that rescue creditors are demanding in return for more money.

Fears that a deal won't emerge have reinforced concerns of a disorderly Greek debt default that could send shockwaves through the global economy.

The declines follow a big gain Friday on the heels of surprisingly good employment figures.