Stock indices were down at midday after the collapse in economic bailout talks for Greece led to concerns the country would bail out of the euro zone.
The S&P 500 was down 1.4% to 2,072.15. The Dow Jones Industrial Average was down 1.3% to 17,711.09. The Nasdaq was down 1.6% to 4,998.99.
The yield on a 10-year Treasury bond was down 5.1% to 2.35%.
The price of gold was up 0.6% to $1,179.
TECHNOLOGY
Irvine-based Western Digital Corp, was down 3.3% to $81.70 and an $18.9 billion market cap. Jefferies lowered its price target on the storage products maker’s shares from $123 to $116 but maintained its “buy” rating, saying sales of personal computers had declined more than expected, cutting demand for Western Digital’s hard drives.
