Stocks experienced a pullback on Monday, with the Dow falling 249.04 points, the Nasdaq sliding 118.75 points, and the S&P 500 declining 24.20 points. The dip may have been due to profit taking after recent gains, especially in tech stocks. Despite the losses, all major averages ended last week with strong gains. Pending home sales in the U.S. surged by 3.3 percent in November, well above expectations. Gold stocks saw weakness due to a drop in the price of gold, while airline stocks also experienced losses. Overseas markets showed mixed performance, with treasuries moving up slightly. Trading on Tuesday may be impacted by the Federal Reserve’s latest monetary policy meeting minutes.

Read more at Nasdaq: Profit Taking Contributes To Pullback On Wall Street