Concerns over troubles in Greece and the country's possible exit from the euro zone, sent the markets lower today.
In economic news, the Commerce Department is reporting a 3.3 percent increase in new home sales in April, to a seasonally adjusted 343,000 annual rate.
Economists were expecting a reading of 335,000.
Facebook (NASDAQ:FB) continues to struggle after losing ground in the first few trading sessions. Meanwhile its lead underwriter on the deal, Morgan Stanley (NYSE:MS) is under review, following allegations that the firm shared negative news with major clients, prior to Facebook's IPO.
On the earnings front, Toll Brothers (TB) reported a profitable second quarter, beating earnings expectations, thanks to an increase in new orders.
Shares of Petsmart (NASDAQ:PETM) are trading higher after the company posted fiscal first quarter earnings which came in ahead of expectations and raised its full year outlook.
Clothing maker Guess (NYSE:GES) also posted a better than expected quarterly profit, sending shares higher today.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings results from Costco (NASDAQ:COST) and Tiffany (NYSE:TIF).
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