June 12, 2015- Stocks Dip on Greece Concerns

With Greece and U.S. rate hike fears continuing to be thorns in the flesh of the markets, the volatile ride of the markets is likely to persist. The major U.S. index futures point to a modestly lower open on Friday, the last trading session of the week. Global cues aren't encouraging, with Asian stocks going about in a lackluster manner, although the Chinese and Hong Kong markets did advance notably. Europe is having a down session after the progress made in the Greek debt talks stalled following the IMF's withdrawal from the negotiation stable. The dollar is firmer and the commodities are seeing weakness. The domestic markets may also focus on economic data on U.S. consumer sentiment and producer prices. The Dow futures are slipping 18 points, the S&P 500 futures are moving down 2.75 points and the Nasdaq 100 futures are receding 7.25 points.