US stocks fall as Europe frets over Greece

US stocks fall as Europe frets over Greece

NEW YORK (AP) — U.S. stocks were lower in early trading today as investors worry over the details of a new bailout plan for Greece.

The Dow Jones industrial average is down 8 points at 12,957, a day after hitting 13,000 — albeit briefly — for the first time since May 2008. The Dow has already been trading at or near four year highs for weeks. The Standard & Poor’s 500 is down 2 points at 1,361. The Nasdaq composite index lost 4 points to 2,944.

European markets were broadly lower. Earlier in Asia, stocks mostly rose even after a fairly weak Chinese manufacturing survey.

Investors are worrying that Greece’s new $172 billion deal may not be enough to keep the debt-laden from eventually defaulting and possibly exiting the euro.