September 17, 2012 / 1:37 PM / 5 years ago

Wall St dips at open after run-up

A trader walks past a phone hanging off the hook on the floor of the New York Stock Exchange September 27, 2011.Brendan McDermid

NEW YORK (Reuters) - U.S. stocks edged lower on Monday after the best two weeks for the S&P 500 in three months left the index at its highest level in nearly five years, with investors turning their attention to the economy and instability in the Middle East.

The Dow Jones industrial average dropped 16.81 points, or 0.12 percent, to 13,576.56. The Standard & Poor's 500 Index shed 2.45 points, or 0.17 percent, to 1,463.32. The Nasdaq Composite Index lost 4.30 points, or 0.14 percent, to 3,179.65. (Reporting by Chuck Mikolajczak; Editing by Chizu Nomiyama)

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