Dow below 16,000 as stocks throttle back a bit

11:18 AM, Dec 10, 2013   |    comments
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USA TODAY - Stocks fell on Tuesday, a day after the S&P 500 notched another record closing high.

In afternoon trading, the Dow Jones industrial average, Standard & Poor's 500 index futures and Nasdaq composite were each down about 0.2%.

The Dow has now slipped about 13 points below its recently attained milestone of 16,000.

Banking stocks were mostly higher after investors got some clarity on new banking regulations.

Federal regulators voted to approve the so-called Volcker Rule, which bars banks from betting on the market with their own money.

On Monday, the S&P 500 climbed 0.2% to 1,808.37. The Dow rose less than 0.1% to 16,025.53. The Nasdaq composite increased 0.2% to 4,068.75.

MONDAY: Stocks: New closing high for S&P 500

Japan's Nikkei 225 fell 0.3% to 15,611.31. Hong Kong's Hang Seng ended down 0.3% to 23,744.19 while China's Shanghai composite fell 0.03% to 2,237.49.

Benchmarks in Europe were trading lower.

In energy markets, benchmark crude for January delivery was up over a dollar to $98.39 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 31 cents to $97.64 on Monday.

Contributing: Associated Press

(Copyright © 2013 USA TODAY)

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