U.S. Stocks Seeing Modest Weakness Following Last Week’s Spike

Stocks are seeing modest weakness during trading on Monday, giving back ground following the substantial rally seen in the previous week. The major averages have all moved to the downside, although selling pressure appears relatively subdued.

Currently, the Nasdaq is down 76.71 points or 0.3 percent at 24,391.77, the S&P 500 is down 9.72 points or 0.1 percent at 7,116.34 and the Dow is down 17.54 points or less than a tenth of a percent at 49,429.89.