Stocks pull back from records; banks, retailers fall

[ad_1]

NEW YORK (AP) — Stocks pulled back slightly on Monday, retreating from the records the market set last week.

Consumer companies and banks took some of the largest losses. Small-company stocks, which have been outperforming the rest of the market for weeks, gave back some of their recent gains.

The Dow Jones industrial average lost 54.24 points, or 0.3 percent, to 19,097.90. The Standard & Poor’s 500 index lost 11.63 points, or 0.5 percent, to 2,201.72 and the Nasdaq composite lost 30.11 points, or 0.6 percent, to 5,368.81.

Consumer discretionary stocks were among the hardest hit, following the closely watched post-Thanksgiving sales push.

Most Read Stories

Cyber Sale! Save 90% on digital access.

Online retail giant Amazon fell $13.60, or 1.7 percent, to $766.77 after Citigroup analysts cut their price target on the stock, citing deep…

[ad_2]

Read the full article from the Source…

Back to Top