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As the Rally to Record Highs Pauses, Stocks Decline to Begin the Abbreviated Trading Week

As the rally that sent Wall Street to record highs took a break, stocks were little lower on Monday to begin a shorter trading week.

The 0.2% decline in the Dow Jones Industrial Average was 70 points. Both the Nasdaq Composite and the S&P 500 saw declines of 0.6% and 0.3%.

The Financial Times claimed that new China regulations would prohibit the use of Intel chips in government servers and computers, which caused shares of the semiconductor company to drop 4% and lead the market lower. The Federal Aviation Administration announced that it will be increasing its investigation of United Airlines following a string of safety problems, which caused the airline’s stock to plummet 4% as well.

Source (CNBC)

SourceCNBC
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