S&P 500 eases, ends longest winning run in eight years
NEW YORK (Reuters) – The S&P 500 eased slightly on Monday after an eight-day run of gains, while the Nasdaq edged higher as Apple shares rebounded. The index remained above 1,500, however, after closing above that level on Friday for the first time in more than five years. The S&P 500’s eight sessions of gains was its longest winning streak in eight years. Caterpillar shares helped cap losses in the Dow industrials even as the company posted a 55 percent drop in quarterly profit due to a charge connected with accounting fraud at a Chinese subsidiary and weak demand among its dealers. . . .
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