US stocks open with dip after bull run

Written By Unknown on Selasa, 12 Maret 2013 | 22.34

US stocks have opened lower as investors take a pause after a series of gains took the Dow to a record close for five days in a row.

Five minutes into trade, the Dow Jones Industrial Average was down 6.60 points (0.05 per cent) at 14,440.69.

The broad-market S&P 500 fell 1.95 points (0.13 per cent) to 1554.27, while the tech-rich Nasdaq Composite dropped 10.13 points (0.31 per cent) to 3242.74.

With no major economic data on the calendar, "the major averages could take a breather today as investors look to take profits following a recent string of gains," Wells Fargo Advisors said in a market note.

On Monday, US stocks brushed off an early move toward a correction and posted modest gains. The Dow added 0.4 per cent to finish at an all-time high of 14,447.29. The S&P 500 rose 0.3 per cent to 1556.22, nine points shy of its record close, and the Nasdaq climbed 0.3 per cent to 3252.87.


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