Stocks Fall as Focus Shifts to Greece

U.S. stocks slipped in the afternoon trading on Monday, as investors looked past Spain’s request for help for its ailing banks to weekend elections in Greece. After a 96-point rise, the Dow Jones Industrial Average lately slid 8.20 points, or 0.46%, at 12,496.00, The S&P 500 Index declined 6.75 points, or 0.51%, at 1,318.91. The Nasdaq Composite Index slipped 22.62 points, or 0.79%, at 2,835.80.

Spain’s Treasury said Monday that the government’s plan to shore up the banks with a loan of up to €100 billion ($125 billion) will reinforce the overall solvency of the debt markets in the country.

Americans suffered a record decline in wealth between 2007 and 2010 as home values tumbled, according to a Federal Reserve report on Monday that underscored the severity of the recent recession.

Apple Inc. (NASDAQ:AAPL) on Monday announced a major revamp of its MacBook line of laptop computers. The company added a new MacBook Pro that it said comes with the retina display technology used in the iPad.