Focus On Greece May Lead To Choppy Trading On Wall Street

(RTTNews) - With traders focused on developments overseas, stocks may show a lack of direction in early trading on Friday. The major index futures are currently mixed, as the Dow futures are up by 21 points but the Nasdaq futures are down by 5 points.

Continued uncertainty about the situation in Greece may lead to choppy trading on Wall Street, as the debt-laden country and its creditors continue to struggle to reach an agreement.

A Eurogroup meeting on Thursday ended without an agreement, leading European finance ministers to schedule another session on Saturday.

German Chancellor Angela Merkel said the weekend's talks will be "decisive," noting that time is quickly running out.

Merkel told reporters early Friday that European leaders "agreed that everything must be done to find a solution on Saturday."

The last-ditch attempt to reach an agreement comes as Greece has warned that it will be unable to make a 1.6 billion euro payment to the International Monetary Fund at the end of the month without further aid.

Amid the focus on Greece, traders seem likely to overlook the University of Michigan's revised report on U.S. consumer sentiment in the month of June.

Economists expect the final reading on the consumer sentiment index for June to come in at 94.6, unchanged from the initial estimate but up from 90.7 in May.