In mid-morning trading, U.S. equities showed modest declines amid concerns in Europe following a “no” vote in Greece for a bailout package aimed at maintaining solvency.

The Dow Jones Industrial Average fell 0.4 percent to 17,663 while the S&P 500 was off 0.3 percent to 2,070. The S&P Retailing Industry Group index was up 0.2 percent to 1,145.

The declines were in sharp contrast to European and Asian stocks, which suffered greater declines on the Greek news. U.S. issues were already down ahead of the Greek vote this past weekend while investors were also banking on the economic impacts as a guarantee for a delay to an interest rate hike by the Federal Reserve.

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