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Stocks close lower on Greek debt angst

Stocks were lower Thursday, June 4, 2015, as

Stocks were lower Thursday, June 4, 2015, as investors watched negotiations over Greece's debt. This photo is from Oct. 8. 2014. Credit: AP / Mark Lennihan

U.S. stocks closed lower following market losses in Europe as Greece remains at an impasse with its creditors.

At the close on Wall Street, the Dow Jones industrial average was down 170.7 points, nearly 1 percent, at 17,905.6. The Standard & Poor's 500 index lost 18.2 points, about 0.9 percent, to 2,095.8, and the Nasdaq composite gave up 40.1 points, about 0.8 percent, to 5,059.1.

Energy stocks had some of the biggest losses as the price of crude oil fell 3 percent. As the markets closed, the price for benchmark U.S. crude dropped $1.69 to $58.12 a barrel on the New York Mercantile Exchange. Brent crude, a benchmark for international oil used by many U.S. refineries, fell $1.45 to $62.35 a barrel in London.

The J.M. Smucker Co. closed down $4.44, about 3.8 percent, at $113.75 Thursday after the food and coffee maker reported a loss in its latest quarter.

Dish Network and T-Mobile rose sharply after The Wall Street Journal reported that the two companies are considering a merger. Dish gained $3.44, about 4.9 percent, to $74.25. T-Mobile US rose $1.01, about 2.6 percent, to close at $39.34.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.30 percent.

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