Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — U.S. stock indexes are closing slightly below the record levels they hit last week as investors assess a batch of corporate news.
Wisconsin Energy fell 4 percent and General Electric fell 1 percent after the companies said they had made acquisitions. Chemicals maker FMC fell 5 percent after cutting its earnings forecast after farmers used less of its products due to an unusually harsh winter.
The Standard & Poor's 500 index fell a fraction of a point, less than 0.1 percent, to close at 1,962 Monday.
The Dow Jones industrial average dropped fell 10 points, also less than 0.1 percent, to 16,937. The Nasdaq composite index was little changed at 4,368.
Bond prices fell slightly. The yield on the 10-year Treasury note rose to 2.62 percent from 2.60 percent.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.