US Stocks Fall From Record High With Mideast Tensions in Focus

The S&P 500 Index retreated from a historic high on Monday as investors monitored developments in the Middle East and geared up for another busy earnings stretch after solid results helped drive the gauge higher the past five weeks.

The benchmark fell 0.4%, with 10 of 11 sectors in the red, led by materials and industrials. Only energy gained as oil climbed after the US and Iran exchanged fire in the Persian Gulf. The tech-heavy Nasdaq 100 Index dropped 0.2% as yields on 10-year Treasuries held near their highest levels of the day.