The Standard & Poor™s 500 Index fell, after the biggest two-day rally in almost a month, as concern about Greece™s debt and a decline in oil overshadowed better-than-forecast earnings from Walt Disney Co. to Whirlpool Corp.
The Standard & Poor™s 500 Index dropped 0.4 percent to 2,041.38 at 4 p.m. in New York.
Stocks fell in the final 30 minutes of trading as the European Central Bank said it lifted a waiver on Greek government debt as collateral. During the debt crisis, which struck in 2010, Greece has met its obligations by issuing short-term bills to local banks, which pledged them to the ECB as collateral.
Equities fell earlier in the day as crude oil declined after weekly inventory data showed stockpiles at their highest levels since at least 1982.
Source : Bloomberg