Stocks Slide as Dow 20,000 Slips Away

U.S. equities drifted lower in quiet trading on Monday, an anticlimactic start to the week after Friday’s trading nearly took the Dow Jones Industrial Average over the 20,000 threshold. Although the bulls came within one point of the hurdle there was simply no follow through today.

In the end, the Dow lost 0.4%, the S&P 500 Index dropped 0.4%, the Nasdaq Composite wafted up 0.2% and the Russell 2000 finished down 0.7%. Treasury bonds were firmer, the dollar was lower, gold gained 1% to finish at its best level since late November and oil was weaker on Iraq production reports and U.S. drilling activity, losing 3.8%.

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