Before the bell: U.S. stock futures fell
Currently S&P future -1.6%, Nasdaq futures -1.5%.
Futures fell amid concern that Greece’s debt crisis is worsening.
Citigroup Inc. (C) and Bank of America Corp. (BAC) slid at least 2.1 percent as European lenders sank.
Greece’s ability to avoid default hangs in the balance as international monitors prepare to assess whether Prime Minister George Papandreou can meet the conditions of rescue loans. European Union and International Monetary Fund inspectors hold a teleconference today at 7 p.m. Athens time with Finance Minister Evangelos Venizelos, to judge whether the government is eligible for an aid payment due next month and on track for a second rescue package approved by EU leaders July 21.