US stocks lower after last week's records

Written By Unknown on Senin, 01 April 2013 | 22.34

US stocks have opened mostly lower after the record-setting sprint by leading indices before the Easter long weekend.

Five minutes into trade on Monday, the Dow Jones Industrial Average, which closed on Thursday at a new all-time high, dropped 5.34 points, or 0.04 per cent, to 14,573.20.

The broad-based S&P 500, which also notched a record performance on Thursday, slipped 0.88, or 0.06 per cent, to 1,568.31.

The tech-rich Nasdaq Composite Index put on a scant 0.04 (zero per cent) at 3,267.56.

Briefing.com analyst Patrick O'Hare said trading would likely take its cue from data releases on manufacturing and construction.

"The second quarter, which begins today, is set to begin on a relatively flat note," O'Hare said.


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