US stocks slide to the close

U.S. stock gains stalled Monday, taking a cue from Asia and Europe, where stocks were wobbly as well. Major stock indexes were mixed in Asia, but broadly lower in Europe, where financial leaders concluded a two-day meeting over the weekend that was held to review rescue programs for countries struggling to control government debt. The New York Times reported Monday that the meeting in Nicosia, Cyprus, underscored differences of opinion, rather than a move towards consensus, on how to help Spain, which is reluctant to accept help that adds to its debt burden. By close of trading on Wall Street, the Dow Jones industrial average shed 40.27 points or 0.3 percent to 13,553.10. The tech-heavy Nasdaq Composite index lost 5.28 points or 0.17 percent to 3,178.67. The Standard and Poor's 500 dropped 4.58 points or 0.31 percent to 1,461.19. On the New York Stock Exchange, 926 stocks advanced and 2,100 declined on a volume of 3 billion shares traded. The benchmark 10-year treasury rose 10/32 to yield 1.838 percent. The euro fell to $1.311 from Friday's $1.313. The U.S. dollar rose to 78.73 yen from 78.39 yen. In London, the FTSE 100 index shed 0.37 percent, 22.03, to 5,893.52.