U.S. Stocks Fall as ECB Tightens Rules on Greece While Oil Drops
Greek Prime Minister Alexis Tsipras, left, next to European Commission President Jean-Claude Juncker at the European Commission headquarters in Brussels on Feb. 4, 2015.
Photographer: Emmanuel Dunand/AFP via Getty ImagesThe Standard & Poor’s 500 Index fell, after the biggest two-day rally in almost a month, as the European Central Bank tightened its rules on Greece’s bailout and oil retreated for the first time in five days.
The S&P 500 dropped 0.4 percent to 2,041.51 at 4 p.m. in New York. The gauge fell in the final 30 minutes of trading, erasing a gain of 0.2 percent, as the ECB said it lifted a waiver on Greek government debt as collateral. The Dow Jones Industrial Average rose 6.62 points, or less than 0.1 percent, to 17,673.02, after climbing 0.7 percent amid a rally in Walt Disney Co.