Major indexes lower as stocks pause

Stocks are drifting lower this morning as the S&P 500 pauses near its all-time high.

Index futures are down by about 0.1 percent, following similar declines in Europe. Asian markets fell by wider margins overnight, led by a China, but commodities are holding their ground.

The S&P 500 peaked near 1557 inthe last two sessions, its highest level since October 2007. Other key indexes, including the Dow Jones Transportation Average and the Russell 2000, are already in record territory.

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