US STOCKS-Wall Street ends down on global jitters; oil stocks lower
* Oil prices fall after rising for eight straight weeks
* Apple biggest drag on S&P 500, Nasdaq
* China and Europe weigh on U.S. sentiment
* Indexes end lower: Dow 0.5 pct, S&P 0.5 pct, Nasdaq 0.2 pct (Updates to close, adds detail, comment)
By Noel Randewich
May 11 (Reuters) - Wall Street closed lower on Monday as investors fretted about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices.
U.S. stocks, which rallied on Friday on a strong jobs report, have been trading at historically expensive valuations, fueled by ultra-low borrowing costs.
Investors took a pessimistic view of Europe as finance ministers met to discuss a cash-for-reforms deal for Greece, even though the country said it made a payment of about 750 million euros ($836 million) to the IMF.
They also focused on China, which cut interest rates for the third time in six months on Sunday in a bid to stoke a sputtering economy that is headed for its worst year in a quarter of a century. Continuación...