U.S stocks finished lower on Monday, as losses in the financial sector weighed on the stock market, and as investors worried over the country's economic outlook. In world markets, European stocks ended mixed, as the British FTSE 100 rose 0.2 percent and the CAC 40 in France fell 0.8 percent. In Asian Markets, the Nikkei in Japan finished 1.2 percent lower, while the Shanghai Composite and the Hang Seng in Hong Kong were closed for holidays. Recent U.S. economic reports have showed the recovery slowed in May, and given that the $600 billion stimulus from the U.S. Federal Reserve ends later this month, investors are nervous about the strength of the economy going forward. In U.S. company news, Apple shares fell 1.6 percent after the technology giant's chief executive Steve Jobs unveiled iCloud, a free service that will store and sync documents, photos, and other content across Apple devices. The U.S. dollar rose versus the euro but fell versus the yen. Light sweet crude oil for July delivery fell $1.21 to $99.01 a barrel on the New York Mercantile Exchange. Gold futures rose $4.80 to $1,547.20 an ounce. The Dow Jones industrial average fell 61.3, or 0.5 percent, to 12,089.96. The broader Standard & Poor's 500 index fell 13.99, or 1.1 percent, to 1,286.17. The technology-heavy Nasdaq composite index fell 30.22, or 1.1 percent, to 2,702.56.
