US STOCKS-Wall St falls from latest records; auto sales soft

martes 3 de marzo de 2015 12:42 GYT

(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...