Stocks slipped below record levels on Monday as investors assessed corporate news. Wisconsin Energy and General Electric both fell after the companies announced that they had made acquisitions.
Stocks fell for the first time in seven days, ending a run that had pushed the indexes to all-time highs, as investors assessed corporate news.
Chemical company FMC fell the most in the Standard & Poor's 500 index after cutting its earnings forecast for the second quarter due because its Agricultural Solutions unit performed worse than expected in the period. General Electric and Wisconsin Energy both dropped after announcing acquisitions.
The stock market has climbed...