Violent clashes erupt with Greek Parliament set to vote on bailout

Anti-austerity clashes erupted on the streets of Athens as the Greek Parliament prepared to vote late Wednesday on a bailout agreement struck early Monday with the country’s international creditors. The conflict comes as Parliament is expected to approve a deal, which goes far beyond conditions rejected by Greek voters in a July 5 referendum. The U.S. stock markets reacted negatively to scenes of the clashes shown on CNBC, turning sharply lower as investors worried the protests might suggest an agreement will not be passed. In late Wednesday trade, the Dow Jones Industrial Average was down 35 points, or 0.2%, at 18,015, while the S&P 500 index slipped more than 5 points, or 0.3%, to 2,103.26, and the Nasdaq Composite was 14 points, or 0.3%, lower at 5,089.80.

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From:: Stock Market News

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