Stock markets mixed; record-breaking rally takes pause even as retail sales unexpectedly rise
By STEVE ROTHWELL Markets Writer
May 13, 2013 - 4:35 pm EDT
NEW YORK — Stocks are closing little changed Monday as investors assess whether stock valuations are overstating the recent improvement in the economy.
The Dow Jones industrial average fell 26.81 points, or 0.2 percent, to 15,091. The Standard & Poor's 500 index was little changed at 1,633.77.
Traders Daniel Trimble, left, and Christopher Morie on the floor of the New York Stock Exchange Monday, April 29, 2013. Japan's stock market jumped Monday May 13, 2013 to its highest close in more than five years after global finance leaders gave a seal of approval to the country's stimulus program and refrained from criticizing its weakening effect on the yen. (AP Photo/Richard Drew)
The Dow and the S&P both closed at record highs Friday.
The Nasdaq composite rose 2.21 points, 0.1 percent, to 3,438.79.
Declining stocks outnumbered advancers on the New York Stock Exchange. Volume was light at about 2.9 billion shares.
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