Stocks open lower following Dow's record last week
NEW YORK (AP) — Stocks are retreating from record highs in early trading.
The Dow Jones industrial average fell 15 points to 15,746 in early trading Monday. The broader Standard & Poor's 500 index fell two points to 1,769. The Nasdaq composite fell nine points to 3,910.
Investors this week will look for evidence that Americans are ready to start spending for the holidays. Macy's, Wal-Mart, Nordstrom and Kohl's report quarterly results.
Macy's on Wednesday will be the first major retailer to announce its quarterly results.
Last week, encouraging news about U.S. hiring lifted the Dow to an all-time high.
Bond markets are closed Monday for the Veterans Day holiday.