On Monday, US stock indices ended in the red, as market participants considered that the refusal of Greece to the creditors’ offers on the referendum, increases the probability of default and the country’s exit from the eurozone, reports MarketWatch.
In addition, the mood of investors was affected by the problems of China, falling oil prices and data on business activity in the US service sector, which turned out weaker than expected. However, during the session, the market has reduced the number of fall.
Dow Jones Industrial Average index fell 46.53 points yesterday, or 0.26%, getting to 17683.58 points.
Standard & Poor's 500 lost 8.02 points or 0.39%, getting to 2068.76 points.
Nasdaq Composite figures fell 17.27 points or 0.34%, reaching 4991.94 points.
The index of business activity in the US service sector (ISM Non-Manufacturing) in June 2015 rose to 56 points, from exactly 55.7 points in May, which was the minimum value of the index in 13 months, according to the Institute for Supply Management (ISM). Analysts surveyed by Bloomberg, had expected a more significant increase of the index - to 56.4 points.
Exceeding the index level of 50 points indicates the growth of business activity in the services sector, while the index value below 50 indicates its decline.
Oil companies on Monday were among the most affected by the sell-off of risky assets. National Oilwell Vacro Inc. lost 5% of the capitalization, Transocean (NYSE: RIG) Ltd. fell 4.3%. The price of WTI crude oil fell 7.7%, getting to $ 52.53 per barrel.
Rate Bank of America and Citigroup shares fell 0.5%, and securities of financial companies around the world have fallen in price on Monday because of the outcome of the Greek referendum.
The market value of the insurer Humana Inc (NYSE: HUM) increased with 0.7% since last Friday, when the US stock exchanges were closed for a public holiday; Aetna Inc (NYSE: AET) announced its purchase with $ 35 billion. At the same time the Aetna stocks fell 6.4%.
The leader in terms of growth among the companies on the list of S & P 500 is American Airlines, which added 1.8%.
Shares of Greek companies ETF Global X FTSE and Greece 20 ETF tumbled 7.5%, while the Athens Stock Exchange was still closed on Monday.