Monday, February 4, 2013

Stocks plunge in early trading; Dow below 14,000

Stocks are falling in early trading on Wall Street, pulling the Dow Jones industrial average back below the 14,000 mark.

The Dow was off more than 100 points at 13,899 shortly after the opening bell Monday. Energy and health care stocks led the declines.

The stock market has been rallying for five weeks, and the Dow is still up more than 6 percent for the year. On Friday, the Dow closed above 14,000 for the first time in more than five years.

The Standard & Poor's 500 index fell about 10 points to 1,502 and the Nasdaq composite lost 17 points to 3,161.

Corporate earnings reports continue this week. Health insurer Humana rose 2.5 percent after its earnings beat Wall Street's forecasts.

? 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Source: http://www.nbcnews.com/business/stocks-plunge-early-trading-dow-below-14-000-1B8230371

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