U.S. stock futures are trading sharply lower this morning, as Wall Street warily eyes Greece and the euro-zone's burgeoning debt crisis. Over the weekend, Germany proposed that a European Union commissioner be appointed with veto power over Greeceās finances. Meanwhile, negotiators reported that they were close to reaching an agreement between Greece and its private creditors. Heading into the open stateside, futures on the Dow Jones Mini are trading 62 points below fair value, while the S&P 500 Index (SPX) futures were last seen nearly 8 points below fair value, with the Nasdaq Mini futures about 8.5 points south of fair value.
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