Emilio Morenatti / AP
Elderly people argue with a bank worker as they wait to be allowed into a bank to withdraw a maximum of 120 euros ($134) for the week in Athens, Monday, July 6, 2015. Greece’s Finance Minister Yanis Varoufakis has resigned following Sunday’s referendum in which the majority of voters said “no” to more austerity measures in exchange for another financial bailout.
Published Monday, July 6, 2015 | 6:52 a.m.
Updated Monday, July 6, 2015 | 9:03 a.m.
NEW YORK — U.S. stocks are edging lower after Greeks reject the terms of the country's latest bailout.
European markets had bigger losses Monday, but not as bad as many were expecting.
Many credited the moderate declines to the resignation of Greece's finance minister, who had clashed with his European counterparts.
Energy stocks fell more than the rest of the market as the price of oil sank 5 percent.
The Dow Jones industrial average fell 45 points, or 0.3 percent, to 17,685 as of 11:45 a.m. Eastern time.
The Standard & Poor's 500 index gave up five points, or 0.2 percent, to 2,071. The Nasdaq composite fell 14 points, or 0.3 percent, to 4,994.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.29 percent.
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