US stocks retreat from records

NEW YORK - 31 May 2017: Banking and petroleum stocks pulled back Tuesday, pushing equities lower, as US data pointed to modest inflation and ebbing consumer confidence.

Leading equity indices retreated from Friday's records in the first day of trading of a holiday-shortened week, as analysts pointed to profit taking as the cause of the pull back.

The Dow Jones Industrial Average dropped 0.2 percent to close the day at 21,029.47.
The broad-based S&P 500 shed 0.1 percent to end at 2,412.91, while the tech-rich Nasdaq Composite Index declined 0.1 percent to 6,203.19. Both the S&P 500 and Nasdaq ended at records Friday.

The US Federal Reserve's preferred measure of inflation remained soft in April, despite a modest increase, while consumer confidence slipped for a second straight month in May, according to data released Tuesday.

The indicator-rich week culminates Friday with the jobs report for May.
Bank of America, Goldman Sachs and JPMorgan Chase all fell more than one percent, along with oil companies ConocoPhillips and Anadarko Petroleum.

Airlines were another weak sector, with Delta Air Lines falling 3.4 percent, United Continental 2.5 percent and American Airlines 1.6 percent.

Amazon finished up 0.1 percent, bit shy of the $1,000-mark in breached for the first time ever just after the open.
Cybersecurity company Symantec rose 1.5 percent following an upgrade from Barclays.