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US: Stocks open lower after recent rally


[NEW YORK] US stocks opened lower on Monday, as investors found few reasons to keep pushing shares higher following a sharp rally that has taken major indexes to repeated records.

The Dow Jones industrial average fell 12.71 points, or 0.07 per cent, to 18,041, the S&P 500 lost 1.07 points, or 0.05 per cent, to 2,087.7 and the Nasdaq Composite dropped 5.21 points, or 0.11 per cent, to 4,801.65.