Stocks are benefitting from a belief that Trump spending policies will spur growth
The health index pared its post-election lift but was still 1.8% higher than November 8, even after Friday's drop of 1.2%
Wall Street equities took a breather after rising dramatically since Donald Trump's surprise victory in the presidential election
Nasdaq hit a record high earlier in the session, helped by a rise in Microsoft and other big tech stocks
Trump's plans to cut taxes and raise infrastructure spending would boost economic activity
The Dow Jones industrial average was down 25.55 points, or 0.14%
The S&P 500 lost 14.43 points, or 0.68%, to 2,111.72, its biggest single-day percentage drop since Oct 11
Each of the three major indexes on Wall Street fell to session lows, with the S&P 500 dropping 1 per cent in an hour
The securities industry in New York City has shrunk since the financial crisis of 2007-2008
S&P 500 companies largely exceed analysts' estimates for the third quarter so far
Boeing's quarterly performance saves the Dow Industrials
Flurry of acquisitions indicate corporate America continues to see untapped value in the market
Just as memories of the financial crisis are fading and tough new banking regulations are beginning to bite, some current and former regulators wonder whether one of the rules is too much of a burden for markets and taxpayers.At issue is the requirement that the largest US banks set aside $6 of capital for every $100 of assets on their books - double what they had to hold before. Because this so-called Supplementary Leverage Ratio (SLR) rule applies to all bank assets including Treasuries, it has made owning that ultra-safe government debt and related trades more expensive.Wall Street has complained about costs of many measures designed to make the financial system safer, but regulators have been firm.However, when banks argue that the SLR, which came into force early last year, unnecessarily burdens short-term financing, current and former officials say they may have a point. "It has turned out to be quantitatively more of a problem than some people had anticipated," said Jeremy Stein
AT&T was down 1.2 percent at $37.03 after the telecommunications company said it would buy Time Warner Inc for $85.4 billion
A stronger dollar, which touched its highest level since early February, also pulled on sentiment as it could dent the earnings of large multinationals
Helping curtail the losses were Microsoft and McDonald's, both of which reported strong quarterly results
Sharp drop in telecoms is offset by gains in healthcare
S&P 500 healthcare sector dropped 0.71% as Illumina's disappointing results weighed
Earnings could move the bar for stocks more than anything else, especially because of their higher than average valuations
US employment growth slowed for the third straight month in September, with employers adding 156,000 jobs