Stocks down slightly, investors shrug off eurozone fears
Source: AP-Excite
By ALEX VEIGA
U.S. stocks edged lower in early trading Monday as investors shrugged off an election victory by a party in Greece opposed to that country's bailout plan. Traders also pored over the latest batch of company earnings.
KEEPING SCORE: The Dow Jones industrial fell 58 points, or 0.3 percent, to 17,614 as of 9:54 a.m. Eastern time. The Standard & Poor's 500 shed six points, or 0.3 percent, to 2,045. The Nasdaq composite slipped 14 points, or 0.3 percent, to 4,743.
SECTOR VIEW: All of the 10 sectors in the S&P 500 moved lower, with telecommunications stocks dropping the most. Seagate Technology notched the biggest decline, shedding $6.32, or 9.9 percent, to $57.56. MeadWestvaco climbed the most, gaining $8.23, or 18.3 percent, to $53.27.
TOYLAND TURNOVER: Mattel shares slid 5 percent on news that CEO Bryan Stockton resigned after about three years of leading the struggling toymaker. Mattel also reported preliminary fourth-quarter results that fell short of Wall Street expectations. The stock fell $1.23 to $26.75.
FULL story at link.
A man walks by an electronic stock board of a securities firm in Tokyo showing Japan's Nikkei 225 that dropped 43.23 points or 0.25 percent and closed at 17,468.52 Monday, Jan. 26, 2015. Asian stocks and the euro were weaker Monday after Greece's anti-austerity opposition party won a big victory in national elections, renewing fears the European common currency bloc could unravel. (AP Photo/Koji Sasahara)
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