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The Economic Times
The Economic Times
Business

US stocks: US market retreats from record highs as Hormuz, inflation data loom

US stocks edged lower on Monday, retreating from last week’s record highs as investors monitored developments in the Middle East and looked ahead to key inflation data and corporate earnings, Reuters reported.

At 9:35 a.m. ET, the Dow Jones Industrial Average fell 72.88 points, or 0.13%, to 53,964.05. The S&P 500 declined 5.22 points, or 0.07%, to 7,752.42, while the Nasdaq Composite dropped 61.56 points, or 0.23%, to 26,629.06.

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