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NEW YORK (Reuters) – Stock index futures pointed to a dip at the open on Wall Street on Tuesday, with futures for the SP 500 down 0.06 percent, Dow Jones futures down 0.05 percent and Nasdaq 100 futures down 0.05 percent at 5:30 a.m. ET.
Greek leaders faced crunch talks on Tuesday to secure a new bailout and avoid a chaotic debt default, caught between European Union demands Greece accepts painful reforms now and a national strike against more austerity. Prime Minister Lucas Papademos negotiated through most of the night with Greece’s EU and IMF lenders.
On the earnings front, investors awaited results from a companies including Coca Cola Co (KO.N), Lincoln National Corp (LNC.N) and Walt Disney (DIS.N).
European shares were down 0.5 percent early, after disappointing earnings reports from UBS (UBSN.VX) and Alfa Laval (ALFA.ST) and as Greek debt negotiations dragged on.
Swiss bank UBS (UBSN.VX) predicted further weakness in investment banking after a restructuring of the business failed to prevent an earnings hit from
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