Stocks reversed an early rise on Wall Street Monday as traders returned to worrying about the European economy. Optimism about a deal to prevent financial collapse in Cyprus had briefly pushed the Standard & Poor's 500 index to within a quarter-point of its record closing high, but stocks soon turned negative.
The Dow Jones industrial average fell 64.28 points to 14,447.75.
The S&P 500 closed down 5.20 points at 1,551.69.
The Nasdaq composite index dropped 9.7 to 3,235.30.
For the year:
The Dow is up 1,343.61 points, or 10.3 percent.
The S&P 500 is up 125.50, or 8.8 percent.
The Nasdaq is up 215.79, or 7.2 percent.
