Wall St falls as caution returns - New York Report

US SHARES finished down yesterday, a day after the S&P and Dow hit records, and the Nasdaq retreated with technology stocks.

The Dow Jones industrial average fell 85.26 points, or 0.47 per cent, to 18,203.37, the S&P 500 lost 9.61 points, or 0.45 per cent, to 2,107.78 and the Nasdaq Composite dropped 28.20 points, or 0.56 per cent, to 4,979.90.

Technology stocks fell as investors took profits a day after the Nasdaq hit the 5,000 milestone for the first time since the peak of the dotcom bubble in March 2000.

Microsoft weighed most on the Nasdaq and S&P 500 with an 1.4 per cent drop to $43.28.

Adding to investors’ caution, Israeli prime minister Benjamin Netanyahu warned President Bar­ack Obama against accepting a nuclear deal with Iran. This caused some investors to pull back but helped to boost oil prices.