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In France, auditors warned that the country still has a big budget hole to plug. In Cyprus, leaders prepared for talks on its own bailout. And in Germany, the highest court announced it would hear arguments from people who want to block the rescue.

The yield on the benchmark 10-year U.S. Treasury note fell to 1.59 percent on Monday, down from 1.63 on Friday. The price of crude oil fell $1.21 to end the day at $83.75 per barrel.

In corporate news:

• Best Buy jumped nearly $1.24, or 5.9 percent, to $22.20 after reports that its founder would offer to buy the company and take it private. Best Buy, an electronics store, has struggled to keep up with online-only competitors like Amazon.

• Groupon fell $1.12, or $9.51, after analysts at Susquehanna cut their price target for the company, noting higher marketing expenses.