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US stocks open lower after Greeks reject terms of latest bailout package; bond prices rise

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NEW YORK — U.S. stocks are opening lower after Greeks voted overwhelmingly to reject the terms of the country's latest bailout.

U.S. government bond prices rose early Monday as investors sought safe places to park money.

Aetna sank 6 percent in early trading. The company agreed last week to buy rival health insurer Humana for $35 billion.

The U.S. market is coming off its sharpest weekly decline in three months.

The Dow Jones industrial average fell 126 points, or 0.7 percent, to 17,601 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index gave up 15 points, or 0.8 percent, to 2,061. The Nasdaq composite fell 38 points, also 0.8 percent, to 4,971.

The price of oil sank 5 percent.

The yield on the 10-year Treasury note fell to 2.29 percent.

PHOTO: A television journalist works in front of display boards at the Australian Stock Exchange in Sydney, Monday, July 6, 2015. Asian markets are falling as investors reacted to Greece's sound rejection of terms set by its international creditors, deepening uncertainties over its status as a member of the 19-nation eurozone. (AP Photo/Rick Rycroft)
A television journalist works in front of display boards at the Australian Stock Exchange in Sydney, Monday, July 6, 2015. Asian markets are falling as investors reacted to Greece's sound rejection of terms set by its international creditors, deepening uncertainties over its status as a member of the 19-nation eurozone. (AP Photo/Rick Rycroft)

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PHOTO: A currency trader walks by a screen showing the Korea Composite Stock Price Index at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Monday, July 6, 2015. Asian markets mostly fell Monday as investors reacted to Greece's sound rejection of terms set by its international creditors, deepening uncertainties over its status as a member of the 19-nation eurozone. (AP Photo/Ahn Young-joon)
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