US market futures dip as Europe frets over Greece
Tuesday, February 21, 2012
NEW YORK (AP) -- U.S. stock futures are falling, echoing declines in Europe where investors fretted over the details of the Greek bailout plan.
The concern is that the $172 billion deal may not be enough to keep Greece from eventually defaulting and possibly abandoning the euro.
Dow Jones industrial average futures are down 9 points at 12,936. The Standard & Poor's 500 is off 2.2 points to 1,357.90. Nasdaq composite index futures are down 2.3 points at 1,357.80.
In Europe, Germany's DAX is down 0.7 percent at 6,860 and the CAC-40 in France is 0.4 percent lower at 3,452. London's FTSE 100 index is down 0.3 percent at 5,928.
U.S. stocks to watch include homebuilder Toll Brothers, which posted a first-quarter loss, and Dell Inc., which reported an 18 percent drop in profit for its fourth quarter.