A sign for Wall Street is seen just outside the New York Stock Exchange.(Photo: Timothy A. Clary, AFP/Getty Images)
NEW YORK (AP) - U.S. stocks drifted lower in thin trading Monday, pulling the Standard & Poor's 500 index back from a five-year high.
The broad-market index edged up slightly last week, enough to put it at its highest level since November 2007. With little in the way of market-moving news Monday, the S&P 500 slipped 0.92 of a point to close at 1,517.01. The Dow closed down 22 points to close at 13,971 and the Nasdaq composite slipped two points to 3,192.
Seven of the 10 industry groups within the S&P 500 dropped.
Apple's stock gained following reports over the weekend that the tech giant is developing a wristwatch-like gadget, a smart watch.
First Coast News