NEW YORK: U.S. stocks edged lower Monday after two consecutive weeks of gains.
The Dow Jones Industrial Average fell 80.61 points, or 0.4%, to 17977.04 and the S&P 500 index shed 9.63 points, or 0.5%, to 2092.43. The Nasdaq Composite declined 7.73 points, or 0.15%, to end at 4988.25.
Earlier in the day, the Nasdaq Composite climbed back above 5000 for the first time in nearly three weeks. In early March, the index rose above the 5000-point level for the first time in almost 15 years. As of Monday’s close, the index was 1.2% from its record close of 5048.62, reached on March 10, 2000.
