Stock Indexes Slip From Record Highs

Equities are falling slightly today after pausing at record highs yesterday.

S&P 500 futures are down less than 0.2 percent, tracking similar moves in Europe. Asian markets were mixed in the overnight session, with Japan’s Nikkei up 1 percent and Hong Kong’s Hang Seng down more than 1 percent. Economically sensitive commodities such as oil and copper are gaining as the U.S. dollar weakens.

The S&P 500 traded in a narrow 5-point range yesterday, consolidating above 1700 as investors digested several positive economic reports from last week. It also had the lightest volume since the half-day session on July 3, evidence that the summer slowdown is under way.

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