Domestic and global stocks were down Monday after uncertainty regarding Spain’s bailout crept into investors’ minds. There will still likely be some sort of help for Spain, but it’s likely a temporary fix that would only compound long-term issues. In tech news, Apple (AAPL) held its annual Worldwide Developers Conference, debuting a few new features for its iOS 6 operating system. The most notable may be their own map software which will directly compete with Google (GOOG) maps on a grand scheme, and becomes the only navigation available for the iPhone.
Word on the Street
- Stocks fall on global level citing more Spain uncertainty.
- Apple’s (AAPL) WWDC conference debuts new features, including deeper Facebook (FB) integration and Google (GOOG) maps rival.
- The Wall Street Journal reports Facebook’s growth is slowing across the board, including in the US.
- China’s economic outlook, although still gloomy, brightens after interest rate cut and positive economic figures.
- Investors begin to call for resignation of Chesapeake Energy (CHK) CEO McClendon.
- Google Android activations top 900k, but still well behind Apple’s iOS.
- What’s going on? Lululemon (LULU) falls 10% despite crushing earnings expectations.