Stock futures hit after European elections

(Reuters) – Stock index futures fell after Greek voters trounced ruling parties in elections on Sunday, a result that put the country’s future in the euro zone at risk, and as Socialist candidate Francois Hollande won the French presidency.

S&P 500 futures were down 12.3 points at 1,350.20 at 7:35 p.m. EDT (2335 GMT), suggesting a fall of about 1 percent when the U.S. stock market opens on Monday.

Dow Jones industrial average futures fell 176 points, and Nasdaq 100 futures lost 28 points.

Results from Greece, with over 61 percent of the vote counted, showed the only two major parties supporting a European Union-International Monetary Fund program that keeps Greece from bankruptcy would struggle to form a lasting coalition.


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