News Summary: Stocks drift lower to start the week

AP News
Posted: Feb 11, 2013 5:32 PM

DRIFTING: With little market-moving news, stocks drifted lower in thin trading Monday, pulling the Standard & Poor's 500 index back from a five-year high. With major indexes near records, many think the six-week rally is ready for a pause.

MORE iGIZMOS: Apple's stock rose following reports over the weekend that the tech giant is developing a wristwatch-like gadget, a smart watch. The device would reportedly run the same operating system used for iPhones and iPads.

FINAL SCORE: The Dow Jones industrial average dropped 22 points to 13,971. The S&P 500 slipped less than one point to close at 1,517.