U.S. stocks fell on concern that a controversial proposal to seize money from depositors in Cyprus could set off another bout of anxiety over Europe's shared currency.

The Dow dropped 62.05 points, or 0.4 percent, to 14,452.06.

The Standard & Poor's 500 index fell 8.60, or 0.6 percent, to 1,552.10.

The Nasdaq composite index dropped 11.48, or 0.4 percent, to 3,237.59.

For the year:

The Dow is up 1,347.92 points, or 10.3 percent.

The S&P 500 is up 125.91, or 8.8 percent.

The Nasdaq is up 218.08, or 7.2 percent.