January 7, 2013 / 2:42 PM / 5 years ago

U.S. stocks dip at open after five-year high

A Wall Street sign hangs on a signpost in front of the New York Stock Exchange August 5, 2011.Lucas Jackson/Files

NEW YORK (Reuters) - U.S. stocks fell at the open on Monday as markets consolidated after the S&P 500 closed Friday at a five-year high and before this week's start of earnings season.

The Dow Jones industrial average shed 13.37 points, or 0.10 percent, at 13,421.84. The Standard & Poor's 500 Index fell 3.77 points, or 0.26 percent, at 1,462.70. The Nasdaq Composite Index lost 12.13 points, or 0.39 percent, at 3,089.53.

Reporting by Gabriel Debenedetti; Editing by Kenneth Barry

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