Stocks falter over Cyprus bailout

Stocks closed 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 62.05 points, or 0.4%, to 14,452.06 yesterday. It had plunged as much as 110 points early on, briefly turned positive in the afternoon then fell back again in the last hour of trading.