US stocks open lower after recent rally
Investors found few reasons to keep pushing shares higher following a sharp rally in last few days
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Fred DeMarco, left, and fellow traders work on the floor of the New York Stock Exchange
US stocks opened lower on Monday, as investors found few reasons to keep pushing shares higher following a sharp rally that has taken major indexes to repeated records.
The Dow Jones industrial average fell 12.71 points, or 0.07 percent, to 18,041, the S&P 500 lost 1.07 points, or 0.05 percent, to 2,087.7 and the Nasdaq Composite dropped 5.21 points, or 0.11 percent, to 4,801.65.
(Reporting By Sinead Carew; Editing by Nick Zieminski)
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First Published: Dec 29 2014 | 8:06 PM IST