US STOCKS-U.S. stocks fall broadly on Greek debt concerns

miércoles 24 de junio de 2015 14:36 GYT

(Updates to afternoon trading)

* Optimism for Greek deal fades, analyst says

* Apple rises; Netflix trims gains after Icahn comments

* Indexes down: Dow 0.9 pct, S&P 0.7 pct, Nasdaq 0.7 pct

By Ryan Vlastelica

NEW YORK, June 24 (Reuters) - U.S. stocks fell in a broad decline on Wednesday as the outcome of negotiations between Greece and its international creditors remained up in the air, prompting investors to drop riskier assets like equities.

Wall Street has lately taken its cue from the situation in Greece, which needs fresh funds to avoid defaulting on a $1.8 billion debt repayment to the IMF on June 30.

Greek Prime Minister Alexis Tsipras recently announced tax and reforms proposals, which market participants took as a sign of progress. Creditors demanded sweeping changes to the proposals on Wednesday, adding fresh uncertainty to talks aimed at unlocking aid to avert a debt default next week.

"The optimism we had about getting close to a deal has faded. That doesn't mean we won't get one, but insiders seem less confident than they were a few days ago," said Phil Orlando, chief equity market strategist at Federated Investors in New York.   Continuación...