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Trader Luke Scanlon rushes across the floor of the New York Stock Exchange Monday, March 25, 2013. (AP Photo/Richard Drew)

Stocks reversed an early gain on Wall Street Monday as traders returned to worrying about the European economy. Optimism about a deal to prevent financial collapse in Cyprus had briefly pushed the Standard & Poor’s 500 index to within a half-point of its record closing high, but the indexes soon turned negative, scuttling a rally in Europe.

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