Stocks fall as trading starts for year of great expectations

NEW YORK (AP) — U.S. stocks are falling from their record levels Monday, as trading gets underway for a year where the dominant expectation is for a powerful economic rebound to eventually sweep the world. The S&P 500 was down 1% after earlier flipping from small gains to losses. The Dow Jones Industrial Average also dropped from the record set last week. Japan’s Nikkei 225 fell even more sharply, as officials there mull a state of emergency due to surging virus cases. Most other