Stock market drifts lower to start the week

NEW YORK (AP) — U.S. stocks drifted lower in early Monday trading, pulling the Standard & Poor's 500 index back from its five-year high.

The S&P 500 slipped two points to 1,516. Nine of the 10 industry groups within the S&P 500 dropped. Financial-industry stocks, the exception, were barely higher.

The broad stock index ended last week at its highest level since November 2007, and has climbed higher for six weeks in a row.

The Dow Jones industrial average dropped 43 points to 13,948 a half hour after the opening bell Monday. Hewlett Packard is leading to Dow lower, dropping 16 to $16.71.The Nasdaq composite is down nine points to 3,184.

No economic reports are scheduled to be released today. And few big companies are scheduled to report earnings.