Whats Happening in Greece

Whats Happening in Greece

Blog by Luc LaRose:

NEW YORK (CNNMoney) -- U.S. stocks were lower for a fifth day Thursday, as investors continued to fret about Greece's future in the eurozone.

The Dow Jones industrial average (INDU) fell 87 points, or 0.7%, the S&P 500 (SPX) lost 11 points, or 0.9%, and the Nasdaq (COMP) shed 36 points, or 1.2%.

Retail giants Wal-Mart (WMT, Fortune 500) and Sears Holdings (SHLD, Fortune 500) were the biggest gainers. Wal-Mart, the nation's largest retailer, posted stronger-than-expected quarterly earnings and sales. Rival Sears also reported a profit, even as sales declined, thanks to a boost from selling real estate assets. The retailer also announced it was looking at a partial spin-off of its Canadian operations.

Meanwhile, concerns about Greece's place in the 17-nation eurozone continued to weigh on investors.

European leaders voiced support Wednesday for keeping Greece in the body, but said the debt-ridden country must stick with unpopular austerity measures if it wants to continue receiving help.


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