US STOCKS-Wall St ends broadly lower on Greek debt concerns
(Updates to market close)
* Optimism for Greek deal fades
* Monsanto falls, weighing on material shares
* Netflix has active session after board approves stock split
* Indexes down: Dow 1 pct, S&P 0.7 pct, Nasdaq 0.7 pct
By Ryan Vlastelica
NEW YORK, June 24 (Reuters) - U.S. stocks closed lower on Wednesday, dropping in a broad decline 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. But 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. Continuación...