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Stocks Retreat From Records as Health Care Slumps

Stocks retreated from record highs on Monday as a selloff in health care overshadowed a rally in energy.

The S&P 500 was down 0.09%, the Dow Jones Industrial Average fell 0.08%, and the Nasdaq slid 0.15%.

Bristol-Myers Squibb (BMY) led the health care sector lower on Monday after Credit Suisse cut its rating to neutral from outperform. The drug company slumped on Friday in the second-biggest one-day drop in its history after disappointing trial results for a highly anticipated lung cancer treatment.

Fellow health care stocks moved lower alongside Bristol-Myers. AbbVie (ABBV) , Amgen (AMGN) , Pfizer (PFE) , Merck (MRK) and Novartis (a>