(Bloomberg) U.S. stocks fell for the first time in five sessions as investors started the week in a cautious mood with equity prices near all-time highs. The S&P 500 was led lower by the real estate and communication services sectors, while energy companies were the biggest gainers in the benchmark index. Eli Lilly & Co. lifted heath-care shares. The dollar strengthened against all its major peers, with demand supported by elevated Treasury yields. Weighing on the minds of investors are worries that equities are running too hot and valuations are stretched at a time when major parts of the world are grappling with the worst of the pandemic. “Keep in mind though, after big runs like we saw last week, it’s natural for the market to take a breather,” said Chris Larkin, managing director of trading and investing product at E Trade Financial. “Traders looking for new opportunities may be wise to look beyond behemoth tech stocks.” Benchmark Treasury yields topped 1% last week on
(Bloomberg) U.S. stocks fell for the first time in five sessions as investors started the week in a cautious mood with equity prices near all-time highs. The S&P 500 was led lower by the real estate and communication services sectors, while energy companies were the biggest gainers in the benchmark index. Eli Lilly & Co. lifted heath-care shares. The dollar strengthened against all its major peers, with demand supported by elevated Treasury yields. Weighing on the minds of investors are worries that equities are running too hot and valuations are stretched at a time when major parts of the world are grappling with the worst of the pandemic. “Keep in mind though, after big runs like we saw last week, it’s natural for the market to take a breather,” said Chris Larkin, managing director of trading and investing product at E Trade Financial. “Traders looking for new opportunities may be wise to look beyond behemoth tech stocks.” Benchmark Treasury yields topped 1% last week on