Stock futures fall on Greece loan delay
Stock index futures fell on Monday after euro zone finance ministers postponed a final decision on extending emergency loans to debt-stricken Greece.
* The ministers delayed their decision on extending 12 billion euros ($17 billion) in emergency loans to Greece, saying Athens would first have to introduce austerity measures. The ministers said they expected the money, the next tranche in a 110 billion euro bailout by the European Union and the International Monetary Fund, to be paid by mid-July. Greece needs the loans by then to avoid a debt default.
* Moody's threatened Friday to cut Italy's credit ratings in the next 90 days on worries that Greece's crisis may drive euro-zone interest rates higher and derail Italy's fragile economic recovery.
* S&P 500 futures fell 6.6 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration of the contract. Dow Jones industrial average futures tumbled 63 points and Nasdaq 100 futures lost 10.75 points.
* The Dow managed to close just above 12,000 Friday, but the S&P 500 barely squeaked out a gain for the week after six straight weeks of losses. The Nasdaq lost 1 percent last week and was down 1.5 percent for the year.
* The uncertainty surrounding a resolution of the Greece crisis has made investors wary of committing more cash to equities.
* Ford Motor Co
* General Electric Co
* U.S. oil futures fell 1.3 percent to $91.78 a barrel, extending the previous week's losses.
(Reporting by Angela Moon; editing by Jeffrey Benkoe)
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