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

By Anora MahmudovaMarketsMarketWatch Pulse

U.S. stocks opened marginally lower on Monday with the main indexes retreating from records set last week. Investors were cautious ahead of a busy week of events that might impact capital markets, including a European Central Bank policy meeting and U.K. general election on Thursday, as well as former Federal Bureau of Investigation Director James Comey's congressional testimony. The S&P 500 opened 2 points, or 0.1%, lower at 2,437. The Nasdaq Composite was down 1 point to 6,304 at the open. The Dow Jones Industrial Average began the session off 17 points, or 0.1%, at 21,198. Among the early gainers, shares of eBay Inc. jumped after Credit Suisse initiated coverage of the stock at outperform.

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