Last updated March 19, 2010: 1:30 PM ET --- The major U.S. equity indices are trading lower Friday as investors become increasingly concerned over the global economic recovery as more questions arise about Greece's ability to pay its debts. Greece said that it may need to turn to the International Monetary Fund for support if European leaders can't agree on a bailout plan for the debt-ridden country. Investors also grew hesitant after India's central bank raised interest rates in order to combat rising prices. In corporate news, Boeing (NYSE:BA) said it will boost production of its 777 and 747 models in anticipation of greater demand. Palm Inc. (NASDAQ:PALM) said it is having difficulty getting consumers to pay attention to its phones in a market that is dominated by Apple's (NASDAQ:AAPL) iPhone and Research in Motion's (NASDAQ:RIMM) BlackBerry. The company reported a wider-than-expected quarterly loss after the close yesterday. The Dow Jones Industrial Average (DJI) is trading 0.51% lower at 10,724.00, the S&P500 (INX) is trading 0.60% lower at 1,158.81, and the Nasdaq Composite (IXIC) is trading 0.90% lower at 2,369.86.
