Markets fall, S&P 500 rally pauses

Markets were mostly lower on Monday.

The S&P 500 fell 0.6 percent, the STOXX Europe 600 fell 0.9 percent and the Nikkei 225 fell 0.8 percent.

“The market is taking some time to catch its breath,” said John Conlon, senior portfolio manager and director of equity strategy at People’s United Advisors. “We’ve been setting records for several days, so it seems like a good time to take some money off the table and reassess what’s going on.”