NEW YORK (AP) — Investors aren’t sold on a rescue of Spanish banks.

Stocks fell on Wall Street, an early rally faded on European stock exchanges, and borrowing costs for Spain crept higher on the bond market Monday — all expressions of doubt about the latest fix for a debt crisis in Europe.

“This deal is not the be-all and end-all that will solve Spain’s or Europe’s other problems,” said Ryan Larsen, head of equity trading at RBC Global Asset Management.

The Dow Jones industrial average was down 58 points at 12,495 at 2:30 p.m. EDT. The Standard & Poor’s 500 index was down six at 1,319. The Nasdaq composite was down 15 points at 2,842.

European countries committed over the weekend to lend Spain up to $125 billion to distribute to its banks, which have been driven almost to insolvency from by a bust in real estate prices four years ago.

Spain became the fourth European nation to seek a rescue, after Greece, Portugal and Ireland.

Market strategists had hoped that the rescue in Spain would at least temporarily ease fear that debt problems in Europe will explode into a world financial crisis and hurt the fragile global economy.

Those strategists had predicted a rally in stocks after the deal was announced. But investor relief was short-lived.

France’s main stock index closed down 0.3 percent, and Germany’s rose just 0.2 percent. Both indexes were up more than 2 percent earlier in the day. Spain’s benchmark stock index fell 0.5 percent.

More alarming, the yield on Spanish 10-year bonds climbed 0.29 percentage point to 6.47 percent, suggesting the bond market is losing confidence in Spain’s finances. The yield had fallen earlier.

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