Stocks Drop Over Greek Stalemate; Commodities, Euro Erase Losses

Stocks fell, dragging U.S. and European benchmark indexes down from almost six-month highs, as talks over Greek debt restructuring reached a stalemate. The euro and commodities recovered from earlier declines.

The Standard & Poor’s 500 Index lost 0.1 percent to close at 1,314.65, halting a five-day rally, and the Dow Jones Industrial Average slid 33.07 points to 12,675.75. S&P 500 futures rose after normal trading hours, climbing 0.3 percent as of 4:44 p.m. in New York, following better-than-estimated results at Apple Inc. The euro recovered from early declines to increase 0.1 percent $1.3027, near its highest level of 2012. The S&P GSCI Index of commodities reversed early losses. Treasuries were little changed after a $35 billion auction.