US stocks have finished lower in choppy trade, following European equities downward after a senior EU official complained of slow progress in talks to avoid of Greek debt default.
The Dow Jones Industrial Average lost 28.43 points (0.16 per cent) at 18,011.94.
The broad-based S&P 500 dipped 2.13 (0.10 per cent) to 2,109.60, while the tech-rich Nasdaq Composite Index shed 6.40 (0.13 per cent) to 5,076.52.
Equity markets in Britain, France and Germany all fell as Eurogroup chief Jeroen Dijsselbloem told Dutch television, “we’re still nowhere far enough” in talks with Greece.
Friday is the deadline for Greece to repay more than 300 million euros ($A431 million) to the International Monetary Fund.
David Levy, portfolio manager at Kenjol Capital Management, said investors are also awaiting key economic data later in the week, including Friday’s jobs report for May.
“Overall we’re in wait-and-see mode,” Levy said.
Apparel company PVH, which owns the Tommy Hillfiger and Calvin Klein brands, jumped 7.1 per cent after lifting its 2015 profit forecast from $US6.75-$US6.90 per share to $US6.85-$US6.95 per share. Strong performance by Calvin Klein offset the hit on overseas earnings from the strong dollar.
Delta Air Lines fell 2.6 per cent as it projected a decline of four to five per cent in consolidated passenger unit revenue, a key industry benchmark, citing lower-than-expected US business class sales.
Oil-services stocks surged as US oil prices finished above $61 a barrel, the highest level all year. Halliburton rose 1.5 per cent, Cameron International added 3.4 per cent and Diamond Offshore jumped 4.2 per cent.
Budget retailer Dollar General advanced 3.0 per cent after first-quarter net income rose 13.9 per cent to $US253.2 million ($A333 million). Same-store sales increased 3.7 per cent.
Bond prices fell. The yield on the 10-year US Treasury rose to 2.26 per cent from 2.18 per cent, while the 30-year advanced to 3.02 per cent from 2.94 per cent. Bond yields and prices move inversely.
