February 17, 2015- Stocks Trade Flat as Greece Talks Stall

Early indications suggest that Wall Street stocks may open Tuesday's session slightly lower, as traders return to their desk following Monday's public holiday. Global cues are negative, with Asian stocks closing on a mixed note, while the European markets are currently broadly lower. With Greece not agreeing with the eurozone on extending its current bailout agreement, a showdown is in the cards and the uncertainty has proved to be the undoing of the markets. The domestic markets may also focus on the results of regional manufacturing and homebuilder sentiment surveys, especially after a report released last Friday showed a sharp pullback in consumer confidence. The Dow futures are declining 6 points and the S&P 500 futures are moving down 2 points, while the Nasdaq 100 futures are gaining 4.75 points. U.S. stocks extended their gains in the week ended February 13th, as traders reacted to the possibility of Greece striking a deal with its creditors and some domestic earnings.