U.S. stock indices took a loss on Friday, driven lower by risk fears and profit-taking. Fear that the Greek financial problems may escalate over the week-end encouraged traders to lighten up positions in equities after a strong run-up.

Stocks are having little reaction to the events in Greece. Treasury Bonds are also under pressure after a slew of stronger-than-expected U.S. economic reports on Thursday triggered a reversal top.

June Treasury Bonds finally broke out above the recent double-tops at 118’02, but failed to attract strong buyers, before reversing back to the downside.

U.S. stock indices are trading flat overnight. Traders have largely ignored the weakness in the Euro over Greece concerns. This may mean that today’s menu of U.S. economic reports will have a bigger influence on stock prices.

U.S. stock indices soared to the upside and finished sharply higher driven by greater demand for higher yielding assets.