Stocks Trade Lower

U.S. stocks were trading lower Monday morning as the market appeared ready to pause after a four-week rally. Financial stocks were lower after Calyon analyst Michael Mayo downgraded several banking names. Sun Microsystems (JAVA) was down as IBM Corp. (IBM) dropped its takeover bid. Cisco Systems (CSCO) was lower on an analyst downgrade.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.