Market Wrap for Monday, March 25: Stocks Fall Despite Cyprus Deal
March 25, 2013 at 16:18 PM EDT
The U.S. stock market opened higher on Monday morning, after EU policymakers reached a bailout deal for Cyprus, which has been beset by a banking crisis. The optimism didn't last, however, as investors took the news as an opportunity to take profits. Under the terms of the deal, bondholders and