U.S. Stock Markets Fall Despite Cyprus Bailout

Updated March 25, 2013

The Associated Press

Trader Michael Zacchinolfi, center, works on the floor of the New York Stock Exchange Monday, March 25, 2013. (Richard Drew/AP) — Trader Michael Zacchinolfi works on the floor of the New York Stock Exchange Monday, March 25, 2013. (Richard Drew/AP)

U.S. stock markets are closing lower, hurt by worries about Europe's economy despite a bailout of Cyprus.

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 1,551. The Nasdaq slipped nine points, or 0.3 percent, to 3,235.

Optimism about a deal to prevent financial collapse in Cyprus had 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, with decliners totaling 1,782 and advancers totaling 1,221.

This article was originally published on March 25, 2013.

This program aired on March 25, 2013. The audio for this program is not available.