Slight Retreat

Monday’s session closed slightly in the red zone. Brands such as Home Depot, United Health, Boeing and IBM led the way down in thin trading volume. Investors swept some profits off the table today, in light of the recent run up in equities. Stocks rebounded somewhat from earlier low levels toward the end of the session. Meanwhile, crude oil futures added $1.31 to settle at $97.03 a barrel. Looking ahead, President Obama will present legislative plans in his annual State of the Union address tomorrow night.

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