U.S. stocks fell sharply Monday, after the weekend saw the latest plan for solving the Greek credit crisis fall apart.
Ever since the situation took center stage in Europe months ago, a solution has appeared imminent on several occasions—only to deteriorate before a deal can be ratified. That was the story again this weekend, as European officials are laying blame at the feet of the Greek government’s failure to offer certain concessions.
Back here in the States, the Federal Open Market Committee’s two-day meeting wraps up Wednesday, with investors looking for more clues on the timing of an interest rate hike.
Large data releases such as manufacturing data at the housing market index are also expected this week.
Here are the final numbers from Monday on Wall Street:
Dow Jones Industrial Average: 17,791.17 (-107.67)
NASDAQ: 5,029.97 (-21.13)
S&P 500: 2,084.43 (-9.68)