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Wall Street stocks open lower

AFP
US stocks fell on July 6, 2015 after Greek voters rejected a creditor austerity package

Wall Street stocks dropped in opening trade Tuesday as a report showing lower US durable goods orders in April launched a holiday-shortened week.

Five minutes into trade, the Dow Jones Industrial Average stood at 18,165.56, down 66.46 points (0.36 percent).

The broad-based S&P 500 fell 7.21 (0.34 percent) to 2,118.85, while the tech-rich Nasdaq Composite Index shed 16.55 (0.33 percent) to 5,072.82.

Orders for US durable goods fell 0.5 percent last month due mainly to a drop in orders in the volatile transport sector. But orders for machinery and other non-defense-related capital goods were strong, rising 1.0 percent in the month.

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Other economic releases this week include the Conference Board's report on May consumer confidence and the second estimate of first-quarter economic growth.

Markets were closed Monday in observance of the Memorial Day holiday.