U.S. stocks logged a second straight day of gains Thursday, pushing the S&P 500 to a fresh 5-year closing high. But investors are still cautious ahead of a slew of earnings reports next week.
NEW YORK (AP) -- Stocks are closing moderately lower on Wall Street as investors worried that a controversial proposal to seize money from depositors in Cyprus could set off another bout of anxiety over Europe's shared currency.
The Dow Jones industrial average fell 62 points, or 0.4 percent, to 14,452 Monday. It had plunged as much as 110 points in the early going, briefly turned positive in the afternoon then fell back again in the last hour of trading.
The Standard & Poor's 500 fell eight points, or 0.6 percent, to 1,552. The Nasdaq composite dropped 11 points, or 0.4 percent, to 3,237.
European markets also declined.
Three stocks fell for every two that rose on the New York Stock Exchange. Volume was 3.1 billion shares, lighter than average.
Copyright 2013 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
One person will win a three-year lease on a 2013 Honda Civic Lx Sedan automatic.
Click to see the latest mugshots, plus this week's wanted fugitives.
This feature packed upgrade brings you faster performance, easier navigation, and stunning improvements to photos, video and readability.
Latest Money Headlines
A high chair is not always the safest spot for baby, according to new research that finds a significant increase in injuries related to high chairs and booster seats.