U.S. stocks open lower after recent rally

By Reuters

Dec 29, 2014 09:42 AM EST

A trader watches a news conference on television by the Federal Reserve Chair Janet Yellen on the floor of the New York Stock Exchange December 17, 2014. (Photo : Reuters)

U.S. 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 .DJI fell 12.71 points, or 0.07 percent, to 18,041, the S&P 500 .SPX lost 1.07 points, or 0.05 percent, to 2,087.7 and the Nasdaq Composite .IXIC dropped 5.21 points, or 0.11 percent, to 4,801.65.

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