Stocks Fall as Rally Runs Out of Steam; Dow Off 37

By: Assocaited Press
By: Assocaited Press

New York, NY (AP) - Stocks are pulling back as traders retreat from
a rally that brought indexes to their highest level since the peak
of the financial crisis in September 2008.

Gold crossed $1,400 an ounce to another record on Monday as
traders looked for safe places to park money.

According to preliminary calculations, the Dow Jones industrial
average fell 37, or 0.3 percent, to close at 11,406. It had surged
2.9 percent last week after the Federal Reserve announced a big
stimulus package for the U.S. economy.

The S&P 500 index fell 3, or 0.2 percent, to 1,223. The Nasdaq
rose 1, or less than 0.1 percent, to 2,580.

Falling stocks narrowly outpaced rising ones on the New York
Stock Exchange, where volume came to 900 million shares.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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