New York - US stocks dropped on Monday at the open as a divisive bailout plan for Cyprus knocked confidence in banks and provided investors a reason to lock in profits from the recent rally.
The Dow Jones industrial average was down 97.11 points, or 0.67 percent, at 14,417.00.
The Standard & Poor's 500 Index was down 12.24 points, or 0.78 percent, at 1,548.46.
The Nasdaq Composite Index was down 34.82 points, or 1.07 percent, at 3,214.25. - Reuters