NEW YORK (AP) — Stocks are slipping at the open of trading on Wall Street, following European markets lower.
The Dow Jones industrial average fell 24 points to 13,569 shortly after trading began Monday. The Standard & Poor's 500 gave up three points to 1,463.The Nasdaq composite lost six to 3,178.
U.S. stocks are coming off a rally last week that sent the S&P 500 to its highest level in nearly five years. The Federal Reserve on Thursday announced new measures to encourage people to borrow and spend more. Many believe other central banks in Europe and Asia will follow suit.
In European trading, Germany's DAX is down 0.3 percent while France's CAC-40 dropped 0.5 percent.
The National Association of Home Builders releases its survey for September sales on Tuesday.
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