U.S. Stocks Close Lower After Cyprus Concerns Cause Eurozone Debt Fears

Category: Economy / Mar 25, 2013 5:10PM EDT
Wall Street closed lower on Monday after concerns grew over Cyprus and the Eurozone. After Cyprus struck a bailout deal with international lenders, the Dow hit another record intraday high and the S&P 500 index was less than a point away from its record close, but stocks slid later on renewed European debt worries. The Dow Jones industrial average .DJI slipped 64.28 points, or 0.44 percent, to end at 14,447.75. The Standard & Poor's 500 Index .SPX dipped 5.20 points, or 0.33 percent, to 1,551.69. The Nasdaq Composite Index .IXIC declined 9.70 points, or 0.30 percent, to close at 3,235.30. (Video Source: REUTERS)