US stocks closed lower Monday, ending a three-day rally to record highs as investors awaited Apple earnings results and a Federal Reserve policy meeting.
At the closing bell, the Dow Jones Industrial Average was down 39.50 points (0.22 percent) at 18,040.64.
The broad-market Standard & Poor's 500-stock index retreated 8.64 (0.41 percent) to 2,109.05, while the tech-rich Nasdaq Composite Index dropped 31.84 (0.63 percent) to 5,060.25.
Both the S&P and Nasdaq had built on record closes Friday as markets opened higher, but Wall Street was unable to maintain the momentum.
Apple bounced up 1.8 percent ahead of its first earnings report as a member of the blue-chip Dow. The tech giant is to report fiscal second-quarter earnings after the markets close. Apple has beaten profit estimates for the past eight quarters, noted John Plassard of Mirabaud Securities.
from France 24 - Live news http://ift.tt/1z7dyyf
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