U.S. stock-market indexes opened lower on Monday, retreating from records set last week following a string of better-than-expected earnings from technology companies. The S&P 500 was off by 6 points, or 0.2%, to 2,574. The Dow Jones Industrial Average declined 90 points, or 0.4%, to 23,348. The tech-heavy Nasdaq Composite index fell 2 points, or less than 0.1%, to 6,698. Shares of CalAtlantic Group Inc. soared 24% after the home builder said it plans to merge with peer Lennar Corp. . Lennar shares were trading lower on the session.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News