U.S. stocks open lower after rallying five straight weeks

The U.S. stock market opened lower Monday, with investors appearing to take a breather after all three major benchmarks rose for five straight weeks. The Dow Jones Industrial Average
DJIA,
-0.45%
was trading 0.4% lower soon after the opening bell, while the S&P 500
SPX,
-0.95%
fell 0.8% and the Nasdaq Composite
COMP,
-1.57%
dropped 1%, according to FactSet data, at last check. The S&P 500 was down after Friday, when it closed at its highest value since March 30, 2022, according to Dow Jones Market Data. Monday is a light day for the U.S. economic calendar, with a report on factory orders scheduled to be released at 10 a.m. Eastern Time.