US STOCKS-Wall St retreats with earnings, Washington in view

www.reuters.com
2 min read
fairly difficult
* Indexes down: Dow 0.45%, S&P 0.72%, Nasdaq 1.1% (Updates market prices, adds commentary, NEW YORK dateline, changes byline)
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NEW YORK Jan 11 (Reuters) - Wall Street's main indexes slipped from record levels on Monday as investors took some profits as they waited for earnings season to begin and eyed events in Washington with caution.

U.S. stocks had rallied last week as investors bet that Democrats' win of Georgia runoff elections would bring a higher likelihood of a heftier fiscal stimulus package to boost the pandemic-savaged economy.

Some investors worried stimulus may be delayed as House Democrats introduced a resolution to impeach U.S. President Donald Trump, accusing him of inciting insurrection following a violent attack on the Capitol by his supporters.

But Monday's rising U.S. Treasury yields and outperformance in sectors such as energy and financials and suggested to Keith Lerner, chief market strategist at Truist Advisory Services in Atlanta, Georgia, that investors were still hopeful about stimulus.

"After last…
Sinéad Carew
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