Greek crisis sends US stocks lower

Stocks in the US have fallen broadly following drops in overseas markets as Greeks voted to reject creditor conditions for more loans, but the losses were not as steep as many had feared.

With time running out for Greece to strike a new deal and its banks desperately short of cash, a wave of selling that started in Asia early Monday spread to Europe, then the US. By the end of the day, nine of the 10 industry groups in the Standard and Poor’s 500 index were down. But the index itself had fallen a modest 0.4%.