Markets Right Now: Stocks slip after a record-breaking drive
Posted 11:53 a.m. Monday
Updated 11:55 a.m. Monday
NEW YORK — The latest on developments in financial markets (All times local):
Stocks are slightly lower on Wall Street as the market pulls back from a record-setting drive last week.
Banks and health care companies were taking some of the largest losses in midday trading.
UnitedHealth Group fell 1.8 percent, the biggest loss in the Dow Jones industrial average
Consumer-focused stocks also fell. Toy makers Mattel and Hasbro each fell about 3 percent.
The Dow fell 65 points, or 0.3 percent, to 19,086. The Standard & Poor's 500 index lost 8 points, or 0.4 percent, to 2,204. The Nasdaq composite went down 18 points, or 0.3 percent, to 5,380.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.32 percent.
Stocks are opening slightly lower on Wall Street as a record-setting drive for the market loses steam.
Banks and consumer-focused stocks fell the most in early trading Monday. Toy maker Hasbro fell 2 percent.
The Dow Jones industrial average fell 37 points, or 0.2 percent, to 19,115. The Standard & Poor's 500 index lost 3 points, or 0.2 percent, to 2,209. The Nasdaq composite went down 12 points, or 0.2 percent, to 5,386.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.34 percent.