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NEW YORK Mike Gillislee Jersey , June 12 (Xinhua) -- U.S. stocks declined on Friday, as investors' optimism faded regarding a resolution of the Greek debt crisis.

The Dow Jones Industrial Average fell 140.53 points, or 0.78 percent, to 17,898.84. The S&P 500 decreased 14.75 points, or 0.70 percent, to 2,094.11. The Nasdaq Composite Index was down 31.41 points, or 0.62 percent, to 5,051.10.

According to Greek government sources Friday, a delegation of top cabinet ministers prepares to return to Brussels to continue negotiations with creditors on Saturday amid an ongoing debt deal deadlock.

Greece for its part is hoping to reach a deal with international lenders by June 18, so that the next Eurogroup meeting will unlock vital aid to avert Greek bankruptcy.

The International Monetary Fund (IMF) said Thursday its delegation had left negotiations on Greece's debt talks in Brussels and flown home because of "major differences" with Athens.

On June 30, the extension of Greece's second bailout expires. On the same day, Athens needs to repay some 1.5 billion euros (1. 69 billion U.S. dollars) of loan installments to the IMF.

European equities suffered big losses amid the unfolding Greek debt crisis on Friday, with the Athens stocks diving nearly 6 percent.

In Asia, Chinese shares continued to rise on expectations that the central bank would further loosen its monetary policy during the coming weekend, with the benchmark Shanghai Composite Index ending at a new 7-year closing high in current bull run since the middle of last year.

On the economic front, the Producer Price Index for final demand rose 0.5 percent in May, seasonally adjusted, topping expectations, the U.S. Labor Department reported Friday.

U.S. Consumer confidence rebounded in early June, regaining its average level recorded since the start of the year.

The preliminary reading of the consumer sentiment in June increased from May's final reading of 90.7 to 94.6, beating market consensus of 91.2, said the monthly Thomson ReutersUniversity of Michigan survey of consumers Friday.

In a weekly basis, the blue-chip Dow added 0.3 percent, and the broader S&P 500 inched up 0.1 percent, while the tech-heavy Nasdaq dipped 0.3 percent.

by Hummam Sheikh Ali

DAMASCUS, July 22 (Xinhua) -- The Syrian rebels have never been more confused with the change of international approaches toward the Syrian crisis.

One of the most recent moves deemed as a blow to the Syrian rebels is the decision by U.S. President Donald Trump to end the CIA's covert program to arm and train "moderate Syrian rebels" battling the government of Bashar al-Assad.

The CIA program was launched in 2013 by the Obama Administration to arm, fund and train "moderate" opposition fighters in the Free Syrian Army (FSA) to oust the Assad government.

The program, which involved an estimated number of 10,000 fighters over the past four years, is thought to have achieved little success and was met with many snags after Moscow intervened to support the Syrian army in 2015.

"Trump's decision is considered a turning point toward the political reality and this shift existed at the time of former U.S. President Barack Obama, who apparently realized that the rebels in Syria are unreliable," Osama Danura, a Syrian political expert who was a member of the government delegation to Geneva talks, told Xinhua.

Danura said the U.S. administration, the Pentagon and the CIA reached a conclusion that the so-called moderate rebels cannot represent a strong ally on the ground in Syria.

The U.S. realized that the weapons provided for such moderate rebels will end up in the hands of extremist groups such as the al-Qaida-linked Nusra Front and the Islamic State (IS), he noted.

Abdul-Bari Atwan, a London-based journalist, wrote recently that the CIA has been training and arming Syrian factions in Jordan and Turkey as well as Syria, while pumping hundreds of millions of dollars and tons of weapons and ammunition without achieving the desired goal of bringing down the Syrian regime.

"This decision wasn't a surprise in the light of the change of the U.S. political priorities, the U.S.-Russian understandings after the advent of the Trump Administration, the failure of the opposition to oust the Syrian regime and the emergence of extremist groups such as IS and Nusra," he explained.

After failing to create a unified front of rebels in making progress in Syria and after the fact that the alliances of the rebels with the terror-designated militants couldn't be vetted completely, the U.S. started searching for a reliable ally in Syria when the Kurdish forces emerged into its view.

During battles in the northern countryside of Aleppo, the Kurdish People Protection Units (YPG) fought as a united force against IS militants and with the help of the U.S., the group proved trustworthy to Washington.

Later on, the Syrian Democratic Forces (SDF) emerged and became the main force fighting IS under the leadership of the YPG and the support of the United States.

Consisting of Arab, Kurdish and Assyrian fighters, the group received heavy backing from the U.S. and is now launching a crushing offensive on the IS de facto capital of Raqqa in northern Syria, with notable gains against the terror group.

There are several reasons behind choosing Kurdish-led groups. The first is the fact that most of these groups are unified on an ethnic background, not a religious one.

The second is that the U.S. has already established military bases in northern Syria in Kurdish-controlled areas.

In turn, the reliance on the Kurds is also one of the reasons why the U.S. has halted its support to other rebel groups.

Videos of U.S. weapons reaching the Kurds have recently emerged online, showing the U.S. promising more aid to its Kurdish-led allies in Syria.

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