Greece

The Dow Jones industrial average fell 138 points, or 0.8 percent, to 17,804 as of 9:35 a.m. Eastern time Monday.

The Standard & Poor's 500 index gave up 16 points, or 0.8 percent, to 2,085.

The Nasdaq composite fell 47 points, or 0.9 percent, to 5,033.

The declines were steeper in Europe. Benchmark indexes were down 2 percent in Germany and 3 percent in France.

Nine of the 10 industry sectors in the S&P 500 index fell. The only one that rose was utilities, a traditional safe-haven play.

Greek Finance Minister Yanis Varoufakis refused to reply to a direct question Sunday on the payment. Instead, he told BBC radio that the European Central Bank should pay the money to the IMF out of the profits it made on Greek bonds in 2014. Varoufakis calls that idea "a very sensible transfer."

After five months of fruitless negotiations, relations between Greece and its creditors crumbled further Saturday after Prime Minister Alexis Tsipras stunned them by calling for a referendum on the proposed reforms needed to get bailout loans.

The radical left-wing leader accused the creditors of using blackmail and ultimatums against his proud but struggling people. European officials called his move for a vote a foolish and rash gambit that effectively ended negotiations to keep Greece financially afloat.

Worried Greeks queued outside banks for cash amid the uncertainty, with eurozone finance ministers deciding to hold a meeting without Greece to assess how to keep the euro currency union stable in the face of heightened risks that Greece could drop out.

Schaeuble said as he arrived at a meeting with other eurozone finance ministers that "the negotiations apparently have been declared at an end" by Prime Minister Alexis Tsipras. 

Schaeuble said that "if I understood correctly ... we now have no basis for further negotiations."

He was looking forward to hear what his Greek counterpart Yanis Varoufakis would have to say about the latest developments.

The government on Friday agreed to key reforms that are close to what creditors have demanded before they release new loans, officials said on condition of anonymity because of the sensitivity of the negotiations.

The creditors in return offered Greece a five-month extension to its bailout program, which would otherwise end Tuesday, leaving the country facing a financial meltdown.

Greece has agreed to reforms that are very close to what creditors have demanded before they release new loans, officials said on condition of anonymity because of the sensitivity of the negotiations. 

The creditors in return offered Greece a five-month extension to its bailout program, which was supposed to end Tuesday.

The concessions come only days after Greece proposed 8 billion euros in budget savings over two years. 

Before the finance ministers' short meeting, Greek Prime Minister Alexis Tsipras had held long talks with key creditors but apparently failed to reach a compromise over what kind of reforms the country should make in return for much-needed loans.

Greece has promised mainly tax increases to achieve budget savings, whereas the International Monetary Fund would like more spending cuts. Tsipras rejected the creditors' suggestions.

Greece faces a deadline next week for a big loan repayment, and could default if it can't agree with its creditors on what reforms it needs to make.

The Dow Jones industrial average fell 67 points, or 0.4 percent, to 18,076 as of 9:35 a.m. Eastern time Wednesday.

The Standard & Poor's 500 index gave up three points, or 0.2 percent, to 2,120.

The Nasdaq composite decreased 10 points, or 0.2 percent, to 5,150.

Homebuilder Lennar jumped 7 percent after reporting earnings that easily beat the estimates of Wall Street analysts.

The Dow Jones industrial average rose 24.29 points, or 0.1 percent, to 18,144.07. The Standard & Poor's 500 index added 1.35 points, or 0.1 percent, to 2,124.20 and the Nasdaq composite rose 6.12 points, or 0.1 percent, to 5,160.09.

Prepaid debit card company Green Dot was among the biggest gainers. Its stock soared 40 percent after the company announced it had renewed its partnership with Wal-Mart for another five years. Netflix climbed in after-hours trading following the company's announcement that its board had approved a plan to split its stock.