U.S. stocks lost ground on Monday, as investors drew back from recent gains that lifted the S&P 500 to a five-year high, in anticipation of sluggish growth in corporate profits.
The Dow Jones industrial average dropped 50.92 points, or 0.38 percent, to 13,384.29. The Standard & Poor-s 500 Index fell 4.58 points, or 0.31 percent, to 1,461.89. The Nasdaq Composite Index lost 2.84 points, or 0.09 percent, to 3,098.81
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