NEW YORK (TheStreet) -- The major U.S. equity averages finished lower Monday as the euphoria about the Federal Reserve's bold QE3 stimulus plan began to wear off.
Worries about the euro zone also soured investor sentiment as European Union leaders made little progress during weekend meetings to discuss the details of addressing the region's sovereign debt problems. A weak read on manufacturing activity in New York state was also a headwind.
The Dow Jones Industrial Average fell more than 40 points, or 0.30%, to close at 13,553. The blue-chip index, which began the session up more than 11% so far in 2012, snapped a four-day winning streak.
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