Wall Street stocks retreated from record peaks Tuesday, losing ground after lackluster US auto sales.
At the closing bell, the Dow Jones Industrial Average stood at 18,203.54, down 85.09 (0.47 percent).
The broad-based S&P 500 fell 9.61 (0.45 percent) to 2,107.78, while the tech-rich Nasdaq Composite Index dropped 28.20 (0.56 percent) to 4,979.90.
Ford Motor fell 2.4 percent after reporting a 1.79 percent drop in February auto sales compared with a year ago. Toyota and Fiat Chrysler's US unit were among the other firms to report lower-than-expected sales, suggesting shoppers were put off by cold weather.
Michael James, managing director of equity trading at Wedbush Securities, called the market action "a healthy pause" after the surge in recent weeks.
"People are using today to maybe take some profits off the table," he said.
GMT 11:02 2018 Tuesday ,11 December
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U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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