LONDON: U.S. stocks fell for the second session in a row, sending the Dow industrials and S&P 500 to their lowest levels in nearly two weeks.
The Dow Jones Industrial Average fell 106.47 points, or 0.6%, to 18096.90. The S&P 500 declined 9.25 points, or 0.4%, to 2098.53. For both indexes, it was the lowest close since Feb 19.
The Nasdaq Composite slipped 12.76 points, or 0.3%, to 4967.14.
Stocks drifted lower throughout the session, and traders said there was no sense of panic among investors selling stocks. Declines were broad-based, with nine out of 10 S&P 500 sectors in negative territory.
“The markets have a tendency to…pull back modestly when record high levels are hit,” said Randy Frederick, managing director of trading and derivatives at Charles Schwab. The Dow and S&P 500 closed at all-time highs Monday.
