Worries that the economic recovery could be tepid have wilted the optimism that drove the S&P 500 up by as much as 40 percent from the 12-year low in March.

Exxon Mobil Corp (XOM) and Chevron Corp (CVX) were the biggest drags on the Dow as the price of oil fell below $68 a barrel on the stronger dollar. Exxon was down 2 percent to $69.61, while Chevron fell 2.5 percent to $66.34.

While higher oil prices can be a boon for energy companies, rising prices can force consumers to further curb spending, potentially stalling any budding stabilization.

“While the worst might be over, it doesn’t mean we’re off to strong growth in any of the major economies globally,” said Alan Lancz, president of Alan B. Lancz & Associates Inc in Toledo, Ohio.

The World Bank said prospects for the global economy remain “unusually uncertain” as it cut 2009 growth forecasts for most economies.

The Dow Jones industrial average fell 109.66 points, or 1.28 percent, to 8,430.07. The Standard & Poor’s 500 Index gave up 15.93 points, or 1.73 percent, at 905.30. The Nasdaq Composite Index lost 36.54 points, or 2 percent, to 1,790.93.

The S&P 500 is still up nearly 34 percent from the March trough.

Walgreen Co. (WAG) fell 4.1 percent to $30.14 after the big drugstore chain posted slightly lower third-quarter profit as shoppers stuck to the necessities. In the same sector, CVS Caremark Corp slid 2.5 percent to $66.34.

On the Nasdaq, Gilead Sciences Inc was down 2.1 percent at $46.03 after Morgan Stanley (MS) cut its price target on the company’s stock to $59 from $62.

Apple Inc swung between gains and losses and were off 1 percent to $138.13. Apple said it sold more than 1 million units of its newest iPhone in the first three days of the launch.

But over the weekend it was reported Apple (AAPL) Chief Executive Steve Jobs had a liver transplant about two months ago. Jobs is expected to return to work later this month.

Investors are also cautious ahead of a Federal Reserve meeting that starts on Tuesday, bracing for Fed guidance on growth and any hints on expanding the central bank’s $300 billion program of Treasuries purchases.

NEW YORK, June 22 (Reuters)

As affordable digital camera make professional photographers of us all, photofinishing shops have been forced to adjust their services to cope with changing customer needs. Now, new technology can manage these transactions, providing customers with more choice and convenience when processing their digital images.

This offers a great opportunity for growth in an otherwise stagnant market. Here’s Greg with the details…

Film cameras are now museum pieces. In just a few short years, the popularity of digital cameras has exploded. In fact, most people who take pictures have gone digital. A commanding majority of consumers, 82%, use digital cameras. And get this — more than 75% of these same shutterbugs own two or more digital cameras, according to a 2006 Photography.com study.

It’s undeniable: Snapping digital images and sharing them on the Web isn’t going away anytime soon. Everyone is now a “professional” photographer — involved in every part of the process, from snapping the pics to uploading and editing shots.

The digital camera universe is crowded with big names. Canon (NYSE:CAJ), Sony (NYSE:SNE) and Kodak (NYSE:EK) all command hefty market share, and we don’t see any opportunity for a microcap to steal a significant chunk of this market.

However, there is another way to play this sector. We just found one company that has been an innovative force in digital photography for years. And more importantly, the company has been virtually invisible to investors and the general public…until now.

For you, that means an early opportunity to get in on digital photography’s last true moneymaking opportunity. It’s a company experiencing triple-digit growth that’s set to send share prices soaring. That’s growth you won’t get with Eastman Kodak or Canon Inc.

To find this true penny stock opportunity, you have to dig — all the way down to the OTC Bulletin Board…

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A Secret Way to Multiply a 39% Gain… Into Nearly 314%

Every $5,000 in just the shares would have churned out $1,950. Not bad.

But anyone who moved on the LEAPS call option we recommended could have hauled in $15,700 over exactly the same time period. That’s eight times the gains.

Here’s how you can jump on the next one…

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Back in the old days, we would take our film to be processed at a one-hour film shop, drugstore or big-box retailer. These stores managed the entire film developing process, known as photofinishing.

As the industry has grown to include digital image files in place of film, these photofinishing centers have been expanded and upgraded to handle the new technology — both to process the digital images and to offer pictures to customers in CD form.

This is where our company comes in. It sees itself as a gateway for transactions, bringing together retailers and digital content to offer potential customers smarter, easier options when it comes to processing their digital images.

This tiny microcap’s technology allows retailers to receive digital image orders online, which can then be processed and either shipped or remain at the store for the customer to pick up. The company manages the entire process, from the nuts and bolts of the retailer’s Web site to the actual monitoring and pre-emptive maintenance of the digital equipment.

The company is the industry standard, attracting blue chip clientele across the globe. Its photo and digital media platforms are at work in more than 8,000 retail locations worldwide. Its customer list is a virtual who’s who in retail sector. Wal-Mart (NYSE:WMT), Costco (NASDAQ:COST) and CVS (NYSE:CVS) are all customers.

That’s not all…the company has also announced deals with Kodak China, Kodak Australia and Sam’s Club here in the U.S. The opportunity in these deals is very real… These new contracts should help the company continue its incredible growth.

Here is when I would have told you this company if only I could. Unfortunately, it is so small, even if 5% of the Penny Sleuth’s readership buys stock, we’d really push the share price too high. So, I gave it to my Bulletin Board Elite readers. But, you aren’t out of luck just yet…

I also talked my publisher into a half-off deal, as you are probably already familiar. If you sign up for my OTC stock advisory by midnight tonight, you’ll receive a full six months for free. Just click here to see how it all works…

Source: Digital Photography’s Last Hidden Opportunity