Aug 20, 2012, 11.32 PM IST

Wall St pauses after 6-week rally; Apple hits new high

MARKETS-USA-STOCKS:Wall St pauses after 6-week rally; Apple hits new high

Source: Reuters
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By Angela Moon


NEW YORK (Reuters) - U.S. stocks fell modestly on Monday on signs of fatigue after six consecutive weeks of gains and after the European central bank quelled speculation it was planning a bond-buying program.


Despite the fall, the S&P 500 is still near a four-year high, rising about 9 percent in the past six weeks. Investors had been waiting for the ECB to take steps to control the euro crisis in September. Last week, the index broke away from the 1,400 level where it had stalled for much of August.


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