Mostly Cloudy
79°FMostly CloudyFull Forecast

U.S. stock markets fall despite Cyprus bailout

Published: Monday, March 25, 2013 3:19 p.m. CDT • Updated: Monday, March 25, 2013 4:09 p.m. CDT

NEW YORK – U.S. stock markets closed lower Monday, hurt by worries about Europe’s economy despite a bailout of Cyprus.

The Dow Jones industrial average fell 64 points, or 0.4 percent.

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.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Reader Poll

How often do you shop at dollar stores?
Frequently
Sometimes
Rarely
Never