US stocks fall on Greek debt deal worries
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NEW YORK, Nov 27 AFP
November 28 2012, 08:22AM
US stocks have closed lower, uninspired by the revised bailout deal secured by Greece that will again help it avert a default on its huge debt load.
European markets closed higher on the deal, which allows Athens to trim its debt load through bond buybacks and reduced rates, and promises new rescue loan instalments of 43.7 billion euros ($A54.63 billion) to the end of March.
But US traders were less impressed.
The Dow Jones Industrial Average was down 87.55 points (0.68 per cent) at 12,879.82 in closing trade on Tuesday.
The broad-market S&P 500 lost 7.2 points (0.51 per cent) to 1,399.09, while the Nasdaq Composite slid 9.04 (0.3 per cent) to 2,967.74.