Wall Street drifts around its records as its relentless rally takes a breath

Wall Street drifts around its records as its relentless rally takes a breath Updated 28 mins ago U.S. stocks are drifting as Wall Street’s big rally lets off the accelerator. The S&P 500 dipped 0.2% Monday. The Dow Jones Industrial Average fell 103 points, and the Nasdaq composite was virtually unchnaged. It’s only a modest pullback when compared with the surge that stocks have enjoyed hitting a bottom in April, and all three indexes are still near their records set on Friday. Some of the markets’ strongest action was among companies announcing purchases of each other. Pfizer said it would buy Metsera and its pipeline of potential obesity treatments, while Compass agreed to merge with Anywhere Real Estate.