Stocks edge lower at the open as investors seek positive catalysts
U.S. stocks opened lower on Monday as investors found few reasons to keep pushing shares higher with major indexes near records and geopolitical uncertainty weighing on sentiment. Equities rallied Friday on the back of stronger-than-expected jobs data and news that President Donald Trump would roll back financial regulations, which lifted bank stocks. However, the impact of those factors may already be priced into shares, making further momentum hard to come by. The financial sector dropped 0.6%. The Dow Jones Industrial Average fell 61 points, or 0.3%, to 20,010, with Travelers Companies Inc. among the biggest movers in early trading. The insurance company fell 0.7% and was the biggest Dow decliner. The S&P 500 fell 4 points to 2,293, a decline of 0.2%. The Nasdaq Composite Index slid 12 points to 5,655 for a drop of 0.2%.
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