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Wall Street drops as energy shares slump

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Reuters NEW YORK

NEW YORK (Reuters) - U.S. stocks receded from record highs on Monday as oil weighed on energy shares and investors awaited an avalanche of quarterly reports.

The Dow Jones industrial average <.DJI> fell 78.34 points, or 0.42 percent, to 18,492.51, the S&P 500 <.SPX> lost 6.53 points, or 0.3 percent, to 2,168.5 and the Nasdaq Composite <.IXIC> dropped 2.53 points, or 0.05 percent, to 5,097.63.

(Reporting by Noel Randewich; Editing by Nick Zieminski)

 

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First Published: Jul 26 2016 | 1:44 AM IST

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