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Wall St retreats as EU ministers meet

Washington - US stocks declined on Monday across the board as eurozone finance ministers started two days of meetings.

The 17 members of the eurozone inaugurated the currency bloc's permanent bailout facility at a meeting of finance ministers in Luxembourg which also focused on reform efforts in Greece, which urgently needs its next bailout tranche.

The blue-chip Dow Jones Industrial Average fell 26.50 points, to 13,583.65. The broader Standard & Poor's 500 Index retreated 5.05 points, to 1,455.88. The technology-heavy Nasdaq Composite Index dropped 23.83 poinbts, to 3,112.35.

The US currency was trading at 77.03 euro cents, up from 76.71 euro cents on Friday. The dollar slid to ¥78.3 from ¥78.67.


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