Stocks Close Down Despite Bailout Of Cyprus

NEW YORK (March 25, 2013)--Worries persisted Monday about Europe’s economy despite a bailout for Cyprus and stocks closed down as a result.

The Dow Jones industrial average fell 64 points, or 0.4 percent, to 14,447 at the close of trading on Monday.

The Standard & Poor's 500 Index fell five points, or 0.3 percent, to end the day at 1,551.

The Nasdaq slipped nine points, or 0.3 percent, to close at 3,235.

Optimism about a deal to prevent financial collapse in Cyprus briefly pushed the Standard & Poor's 500 index to within a half-point of its all-time high in early trading, but stock markets soon turned negative.

By day's end, declining stocks led advancing ones on the New York Stock Exchange, where decliners totaled 1,782 and advancers totaled 1,221.

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