Fears of a messy Greek debt default overshadowed generally solid US economic data, pushing Wall Street for a loss in the week that closed out the first half of the year. The broad-based S&P 500 dropped 24.83 (1.18 percent) to 2,076.78, while the tech-rich Nasdaq Composite Index lost 71.30 (1.40 percent) at 5,009.21. The holiday-shortened week opened in dramatic fashion, as worries about an impending Greek default resulted in a global rout Monday that extended to New York, where the S&P 500 suffered its steepest single-session drop in more than 14 months.
From Seattle to Salt Lake City, the West is baking under record heat. Temperatures reaching the triple digits have made fire conditions extreme and sent folks looking for relief heading into the Fourth of July weekend. Unfortunately, the forecast in many areas calls for more sun and sweat.