(CNBC) U.S. stocks closed near session lows on Thursday, failing to hold initial gains, as lack of resolution between Greece and its creditors weighed on investor sentiment.
"The continued overhang from Greece cast a bit of a pallor over the market," said Bill Stone, chief investment strategist at PNC Asset Management. "It's hard because we obviously had such high hopes to start the week."
The major averages extended losses in afternoon trade after earlier struggling to hold gains as a meeting between Greece and its creditors ended without a deal being struck. Another meeting was scheduled for Saturday as the June 30 deadline approaches, Reuters reported.
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