Apple drags both S & P 500 and Nadsaq 100 and trades are declining while the retirement market last month highs

U.S. stocks fell on Monday in one of the lightest volume days of the year, the decline after closing record last week, the S & P 500 and the lower than expected U.S. manufacturing data.

Apple was the biggest drag on both the S & P 500 and Nasdaq 100, from 3.1% to $ 428.91. Danoff Portfolio Manager, Fidelity Contrafund that $ 92bn is the largest Apple shareholder assets, reduce the Fund's interest in the iPhone maker of 10% over the first two months of 2013.

data showed U.S. manufacturing activity grew at a slower pace in three months in March, suggesting the economy lost some momentum at the end of the first quarter.

recent data showed a strengthening of the U.S. economy in general, however, and helped push stocks to record levels in both the Dow and the S & P 500. The S & P 500 ended in March with a close case, and posted its best quarterly performance in a year, while the Dow broke a new record territory at the beginning of March.

"It was very difficult for the S & P 500 technically breaking the high and not even close to there level, so I'm not surprised that today is a down day. Think a lot of resistance to 1565 levels, "said Brian Amidei, CEO of HighTower Advisors in Palm Desert, California.

The benchmark S & P remains below its intraday high of 1576.09. The movements may be limited this week in the absence of major catalysts before the closely watched U.S. payrolls reported Friday.

The Dow Jones industrial average was down 5.69 points, or 0.04%, to 14,572.85. The 500 Index Standard & Poor fell 7.02 points, or 0.45%, to 1562.17. The Nasdaq composite index fell 28.35 points, or 0.87%, to 3239.17.

Among the biggest gainers, Tesla Motors Inc. rose 15.9% to $ 43.93 after the prediction of the overall performance in the first quarter, citing strong sales of its Model sedan.
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