U.S. stocks fell on Wednesday as talks in Brussels failed to deliver a financial solution for Greece.
The broad-market averages fell 0.7% to 1% for the session. On the bond market, the benchmark 10-year U.S. Treasury note's yield fell 3.2 basis points to 2.376%.
Among stocks, materials, industrial and health-care names led the way lower. Monsanto (MON) was the day's big loser, falling more than 5% in reaction to its quarterly results. On the other hand, Lennar (LEN) gained 4% on the session after announcing better-than-expected earnings.
In after-hours action, Cree (CREE) was trading down 3% after announcing a restructuring of its LED business due to poor industry pricing. Bed Bath & Beyond (BBBY) was also fractionally lower after posting quarterly results.
Elsewhere, Walt Disney (DIS) announced a dividend increase after the closing bell. The company is moving from an annual to semi-annual payout, which will now stand at $0.66 a share (1.2% yield). Investors who hold DIS at the close of trading on June 30 will receive the dividend on July 29.
Looking ahead to Thursday morning, Barnes & Noble (BKS) and Winnebago (WGO) headline the earnings calendar. On the economic front, we'll get a look at weekly jobless claims and personal income and spending before the opening bell.