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Wall Street retreats after S&P, Nasdaq hit record highs


By Yashaswini SwamynathanREUTERS - U.S. stocks reversed course as some investors locked in gains after the S&P 500 and the Nasdaq hit record highs, with healthcare and industrial stocks leading the decliners.While strong first-quarter earnings supported the indexes in the past few weeks, global geopolitical tensions and developments in Washington could unsettle the market's record-setting spree.Investors turned cautious after reports that President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned Islamic State operation.The latest development ...

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First Published: Tue, May 16 2017. 21:11 IST