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US stocks down slightly after record Monday
US stocks take a breather Tuesday after the S&P 500 hit yet another record the day before
By KEN SWEET
Associated Press
2013-12-10 11:42 PM

NEW YORK (AP) -- Stocks took a breather Tuesday after U.S. markets notched another record high.

The Dow Jones industrial average fell 20 points, or 0.1 percent, to 16,005 in the first 20 minutes of trading. The Standard & Poor's 500 index lost 2 points, or 0.1 percent, to 1,806 and the Nasdaq composite lost 7 points, or 0.2 percent, to 4,062.

The S&P 500 had another record close Monday, just above the new high it set on November 27. While the market continues to test new heights, few investors believe stocks will move significantly higher from these levels.

Homebuilders were among the top gainers in the S&P 500 index after Toll Brothers said it expects to see higher sales and profitability in 2014. Toll shares rose 58 cents, or 2 percent, to $34.16. Competitors Lennar and Pulte were among the top 15 percentage gainers early on.

In other corporate news, Lululemon Athletica's founder said that he would relinquish the company's chairmanship after making comments about the body type of potential customers that raised some ire. Shares of the yoga retailer fell 42 cents, or 0.5 percent, to $69.99.

General Motors Co. named Mary Barra is its next CEO. She will replace Dan Akerson in the top spot next month. Barra will be the first woman to run a Detroit Three automaker. Shares of GM were mostly unchanged on the news, down 5 cents, or 0.1 percent, to $40.87.

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