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US stocks end lower after Greeks reject terms of bailout package; European markets, oil drop

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NEW YORK — U.S. stocks are closing slightly lower after Greeks rejected the terms of the country's latest bailout.

European markets had bigger losses Monday, but not as bad as many were expecting.

Many credited the moderate declines to the resignation of Greece's finance minister, who had clashed with his European counterparts.

PHOTO: A television monitor carries news of the "No" vote on the Greek debt referendum as a trader works on the floor of the New York Stock Exchange, Monday, July 6, 2015, in New York. U.S. stocks are opening lower after Greeks voted overwhelmingly to reject the terms of the country's latest bailout. (AP Photo/Mark Lennihan)
A television monitor carries news of the "No" vote on the Greek debt referendum as a trader works on the floor of the New York Stock Exchange, Monday, July 6, 2015, in New York. U.S. stocks are opening lower after Greeks voted overwhelmingly to reject the terms of the country's latest bailout. (AP Photo/Mark Lennihan)

Energy stocks fell more than the rest of the market after the price of oil plunged almost 8 percent.

The Dow Jones industrial average fell 46 points, or 0.3 percent, to 17,683.

The Standard & Poor's 500 index gave up eight points, or 0.4 percent, to 2,068. The Nasdaq composite fell 17 points, or 0.3 percent, to 4,991.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.29 percent.

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Photo Gallery:
PHOTO: A trader works at the New York Stock Exchange, Monday, July 6, 2015, in New York. World markets are trending downward following Greece's "no" vote in Sunday's debt referendum. (AP Photo/Mark Lennihan)
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