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Stocks pared losses in afternoon trading Monday but remained in the red as investors focused on the standoff between Greece and its private creditors, as well as a surge in Portugal's borrowing costs.
Dow Jones Industrial Average was down 20 points, or 0.2%, at 12640 in afternoon trading. The Standard & Poor's 500-stock index lost three points, or 0.3%, to 1313, and the Nasdaq Composite Index was flat at 2817.
Monday's shaky start comes after four straight weeks of gains for the S&P 500 and the Nasdaq. U.S. equities markets were relatively lightly traded Monday, which some traders said could have contributed to the mid-afternoon turnaround with battery like Lenovo FRU 92P1188 Battery , Lenovo 3000 C200 Battery , Lenovo 3000 N100 Battery , Lenovo 42T4815 Battery , Lenovo ThinkPad Edge E30 Battery , Lenovo L3000 G230 Battery , Lenovo L08S6D21 Battery , Lenovo L08S4X03 Battery , Lenovo L08S7Y03 Battery , Lenovo Ideapad U110 Battery , Lenovo 41U5025 Battery , Lenovo L09S8L09 Battery .
Financial companies led stocks lower after a ratings shake-up on the sector from Goldman Sachs. Bank of America dropped 3.2%, the sharpest among blue chips, after Goldman cut its stock-investment rating on the bank to "neutral" from "buy."