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Stocks close lower, falling from Friday's record highs

Stocks close lower, falling from Friday's record highs

A mostly listless day of trading left U.S. stock indexes little changed Monday, hovering just below the record highs they set late last week.

Drug company and consumer-focused stocks weighed on the market, while energy companies surged, getting a lift from a pickup in crude oil prices.

The slight pullback came as investors took advantage of the milestones reached Friday by the Standard & Poor's 500 index and Nasdaq composite to pocket some gains. Strong U.S. jobs data left traders feeling more confident in the economy heading into this week.

“It's a little bit of profit-taking,” said JJ Kinahan, chief strategist at TD Ameritrade. “We're coming off a...

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