U.S. stocks finished slightly higher on Monday, even as investors remained cautious about Greece's debt crisis. In world markets, European stocks ended lower, with declines led by CAC 40 in France falling 0.6 percent. Asian markets ended mixed, as the Shanghai Composite fell 0.8 percent and the Nikkei in Japan rose 0.03 percent. In economic news, investors dealt with the latest news on the Greek debt crisis. European finance ministers said Monday that the country will not receive new loans until mid-July. In U.S. company news, Ford Motor Company said early Monday that it will buy the U.S. retail banking division of Royal Bank of Canada for $3.45 billion. Shares of PNC were down 2 percent, while shares of Royal Bank rose 0.2 percent. The U.S. dollar rose versus the euro and rose versus the yen. Light sweet crude oil for July delivery rose 16 cents to $93.26 a barrel on the New York Mercantile Exchange. Gold futures rose $2.90 to $1,542.00 an ounce. The Dow Jones industrial average rose 76.02, or 0.6 percent, to 12,080.38. The broader Standard & Poor's 500 index rose 6.86, or 0.5 percent, to 1,278.36. The technology-heavy Nasdaq composite index rose 13.18, or 0.5 percent, to 2,629.66.
