U.S. stocks receded from record highs on Monday as oil weighed on energy shares and investors awaited an avalanche of quarterly reports.
FILE - In this Wednesday, March 16, 2016, file photo, the Washington news conference of Federal Reserve Chair Janet Yellen is reflected in a specialist's screen on the floor of the New York Stock Exchange.
The Treasury's auction of two-year notes lured the weakest demand since 2008 as bond traders bet Federal Reserve policy makers this week will acknowledge signs of economic strength, bolstering the case for an interest-rate increase this year.
WASHINGTON - The Obama administration on Monday announced its plan to start regulating planet-warming pollution from airplanes, setting off a battle between environmentalists and the airline industry.
Shares of Gilead Sciences Inc. declined in Monday's extended session after the biopharmaceutical company lowered its 2016 outlook on product sales despite turning in better-than-expected quarterly earnings.