Stocks turn sharply lower after reaching fresh record levels

Stocks fell Monday in the first session of 2021 after briefly rising to touch fresh record highs earlier in the session.

All three major indices dropped more than 1% intraday on Monday, after the S&P 500 and Dow earlier ticked up to record intraday levels. The S&P 500 closed out December with a 3.7% one-month gain and 16% gain for 2020, capping off an extraordinary year in markets despite the backdrop of the pandemic. Bitcoin prices (BTC-USD) also extended their recent rally over the weekend,…


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