U.S. stocks trade lower after rally to record highs

Source: Xinhua| 2019-11-12 01:22:43|Editor: huaxia
Video PlayerClose

NEW YORK, Nov. 11 (Xinhua) -- The U.S. stocks traded lower on Monday after hitting record highs in the previous week, as investors awaited the new development of China-U.S. trade talks.

At midday, the Dow Jones Industrial Average dipped 33.76 points, or 0.12 percent, to 27,647.48. The S&P 500 lost 9.51 points, or 0.31 percent, to 3,083.57. The Nasdaq Composite Index decreased 23.66 points, or 0.28 percent, to 8,451.65.

A majority of the 30 blue-chip stocks in the Dow traded lower with shares of IBM and 3M down 1.44 percent and 1.15 percent, respectively, the top two laggards.

Ten of the 11 primary S&P 500 sectors traded lower with the health sector down 0.66 percent, leading the losers.

U.S. stocks closed higher on Friday on solid corporate earnings reports as well as moderately rising consumer sentiment. Enditem