Stocks Slumped amid Greece Worries

U.S. stocks finished broadly lower on Monday, after the collapse of weekend talks over Greece’s bailout plan and disappointing economic data. The Dow Jones Industrial Average dropped 107.67 points, or 0.60%, to 17,791.17. The S&P 500 declined 9.68 points, or 0.46%, to 2,084.43. The Nasdaq Composite fell 21.13 points, or 0.42%, to 5,029.97.

U.S. industrial production unexpectedly fell in May, likely as a strong dollar and energy spending cuts continued to weigh on manufacturing and mining output, bucking signs of an acceleration in the broader economy.The Federal Reserve said Monday that manufacturing output declined 0.2 percent last month, as productivity has basically been flat since January.

U.S. homebuilders’ are feeling more confident about their sales prospects than they have been since last fall, while their outlook for sales over the next six months is at the highest level in 10 years. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday climbed to 59 this month, up five points from 54 in May.

the Wall Street Journal reported Anthem Inc. has made two takeover bids for its smaller rival within the past 10 days. Aetna climbed as much as 7.2 percent after the newspaper reported that UnitedHealthGroup Inc. may be interested in a deal for the company or for Cigna.

Gap Inc. (GPS) announced a series of strategic actions to position Gap brand for improved business performance and build for the future.