Stocks Drop From Record Highs; Yields Edge Higher: Markets Wrap
- Investors start week cautiously before earnings onslaught
- Intel leads chips shares lower; dollar recovers from lows
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U.S. stocks slipped from record highs while investors weighed the start of corporate earnings season and an influx of bond supply that loom as speedbumps to a roaring rally.
Intel Corp. led tech shares lower after Nvidia Corp. said it’s offering the company’s first server microprocessors, extending a push into Intel’s most lucrative market. The S&P 500 dipped into negative territory in the wake of a third straight week of gains for the benchmark index. In Europe, the Stoxx Europe 600 Index weakened.