US Close Report 5 March 19: US stocks retreat as investors weigh potential fo further upside

 

US sharemarkets fell on Monday, reversing early gains. Investors took profit following disappointing economic data. Other traders blame technical factors for driving the markets lower - there have been solid gains since Christmas without a pullback. At the close of trade the Dow Jones index was lower by 207 points or 0.8% after earlier being up 129 points and down by 414 points. The S&P500 index was lower by 0.4%. And the Nasdaq index was down by 18 points or 0.2%.

 

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