Stocks opened lower Monday as investors took profits following another red-hot year. Today's decline puts the Santa Claus Rally at risk – which could signal a tougher start to the new year.
At the close, the blue-chip Dow Jones Industrial Average was down 0.5% at 48,461 and the tech-heavy Nasdaq Composite was 0.5% lower at 23,474. The broader S&P 500 shed 0.4% to finish at 6,905.
