Renewed Greek concerns pushes markets lower overnight $SP500.I

Renewed concerns in Greece have pushed markets lower overnight as an inconclusive election leaves the countries political parties scrambling to form a workable coalition with the chase of Greeks returning to the polls likely
The S&P500 flirted with the technically important 1350.00 level for most of the session before rallying to close above. Leading the losses on the S&P were the consumer discretionary, financial and commodity sectors with eight of the ten sectors finishing in the red
In company news EA Games fell 4.3% as forecasts fell short of estimates. McDonalds also retreated 2.1% after April sales fell short of estimates
Leading the moves in the Dow was HPQ, BAC, MCD and CSCO each falling 2.30%, 2.14%, 2.05% and 1.94% respectively
DOW -0.59%, S&P500 -0.43%, NASDAQ -0.39%
The Australian Budget was released last night with cuts to defence, foreign aid, tightening of Medicare and increased taxes allowing for more benefits to families and a small surplus of AUD1.5 Billion for next year
EURUSD was lower as Greek political unrest pushed the pair below 1.3000
Gold fell heavily, falling to a USD1595.26 low. Oil bounced late off lows