U.S. Stocks Retreat From Records After Modest Opening Losses

By Anora MahmudovaMarketsMarketWatch Pulse

U.S. stocks opened lower on Tuesday, with the main indexes retreating from record levels set last week. The moves for equity benchmarks come as a pair of economic reports came in stronger than expected, including housing and inflation. The S&P 500 opened 5 points, or 0.2%, lower at 2,410. A drop in oil prices put pressure on the energy sector. Energy companies such as Noble Energy, Inc and Kinder Morgan Inc were among the worst performers in early trade, falling more than 2%. The Nasdaq Composite was down 7 points, or 0.1%, to 6,202 at the open. The Dow Jones Industrial Average began the session down 45 points, or 0.2%, at 21,032.

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