Wall Street falls from record high as investors take profit

U.S. stocks closed in the red territories on profit taking by investors after the indices hit record high on Monday.

The NASDAQ composite index was down 0.56% at 4,970.90 points, falling from yesterday’s record high, when the technology index surpassed the 5,000-point barrier for the first time in 15 years.

The biggest loser in Nasdaq was Microsoft Corp, as its shares plunged 1.4 percent to $43.28.

Standard & Poor's 500 dropped 0.45% to close at 2,107.78, led by Micron Technology, which fell 5 percent to $29.66. Utilities and energy were the only two sectors closing in green colors.

The Dow Jones industrial average subtracted 0.47% to 18,203.37.

It is worthwhile to mention that the S&P 500 soared 5.5 percent in February, while the Dow edged up 5.6 percent.

The fall in U.S. indices on Tuesday is a mild correction, where the indexes may resume their general upside direction on signs of progress from the world’s biggest economy.

American employers probably added 240.000 jobs last month, the non-farm payrolls figures due on Friday may show.