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US stocks ease after record-smashing run

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(Globalpost/GlobalPost)

US stocks opened modestly lower Monday after the Dow's record-breaking run last week, as data from China and Europe highlighted the continued struggle of the global economic powers.

Five minutes into trade, the Dow Jones Industrial Average was down 16.36 points (0.11 percent) to 14,380.71.

The broader S&P 500 fell 2.56 (0.17 percent) to 1,548.62, while the tech-heavy Nasdaq Composite slipped 7.39 points (0.23 percent) at 3,236.98.

"The early weakness, which isn't all that weak, probably has more to do than anything else with an expectation that there will be some profit taking after last week's 2.2% gain," said Patrick O'Hare of Briefing.com.

pmh/jm

http://www.globalpost.com/dispatch/news/afp/130311/us-stocks-ease-after-record-smashing-run