US STOCKS-Wall St falls from latest records; auto sales soft
(Updates to late morning)
* Auto sales fall short of expectations
* Best Buy climbs after results
* Citigroup to sell OneMain Financial to Springleaf Holdings
* Indexes off: Dow 0.7 pct, S&P 0.8 pct, Nasdaq 0.9 pct
By Chuck Mikolajczak
NEW YORK, March 3 (Reuters) - U.S. stocks fell on Tuesday, as the Dow and S&P retreated from their latest records and the Nasdaq dipped below 5,000 after scaling the milestone level for the first time in 15 years.
Investors exercised caution after a strong run for major indexes in February and ahead of a slew of economic data later this week, culminating with the monthly payrolls report. Disappointing auto sales also gave a reason to pause.
"To the extent that you are taking a breather, it's not predicated on the fact we are crossed a round number on the Nasdaq. It's predicated on the fact that when you get up around new highs market participants tend to get a little vertigo," said Art Hogan, chief market strategist at Wunderlich Securities in New York. Continuación...