US stocks have retreated in early trading after Friday's dramatic surge, which took the Dow Jones Industrial Average above 14,000 points.
Leading analysts had predicted the Dow would struggle in the immediate aftermath of Friday's rally, when the Dow closed at levels not seen since 2007.
Five minutes into trade on Monday, the Dow was down 98.54 points, or 0.70 per cent, to 13,911.25.
The broad-based S&P 500 fell 9.02 points, or 0.60 per cent, to 1,504.15.
The tech-heavy Nasdaq Composite Index was down 15.85 points, or 0.50 per cent, to 3,163.24.
Schaeffer's Investment Research options strategist Tony Venosa predicted trading would see the "psychologically" important 14,000 level tested.
"Continue to watch this round number, as there could be an increase in volatility as the mainstream public becomes aware. Meanwhile, earnings season begins to wind down," Venosa said.
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