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US stocks ease in early trade as European leaders meet to discuss Greece's tottering finances

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NEW YORK — U.S. stocks are edging lower in early trading as investors wait to see what happens at a summit meeting of European leaders to discuss Greece's strained finances.

The Dow Jones industrial average was down 36 points, or 0.2 percent, to 17,649 as of 9:35 a.m. Eastern time.

PHOTO: A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Tuesday, July 7, 2015. Chinese stocks fell Tuesday despite official efforts to shore up slumping prices while other Asian markets were mixed after Greece's spiraling crisis weighed on Wall Street. (AP Photo/Lee Jin-man)
A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Tuesday, July 7, 2015. Chinese stocks fell Tuesday despite official efforts to shore up slumping prices while other Asian markets were mixed after Greece's spiraling crisis weighed on Wall Street. (AP Photo/Lee Jin-man)

The Standard & Poor's 500 index lost two points, or 0.1 percent, to 2,066. The Nasdaq composite fell 17 points, or 0.3 percent, to 4,974.

Materials stocks fell more than the rest of the market. Mining company Freeport-McMorRan dropped 5 percent, the most in the S&P 500.

The price of oil stabilized a day after plunging 8 percent. U.S. benchmark crude edged down 21 cents to $52.31 a barrel.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.22 percent.

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PHOTO: A currency trader watches computer screens at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Tuesday, July 7, 2015. Chinese stocks fell Tuesday despite official efforts to shore up slumping prices while other Asian markets were mixed after Greece's spiraling crisis weighed on Wall Street. (AP Photo/Lee Jin-man)
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