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Stock market rally pauses on Monday

7:36 PM, May 13, 2013
In this April 24 photo Baltimore's Harbor East shopping district is reflected in a retail store's window display. Americans increased their spending in April at retail businesses, buying more cars and clothes after cutting purchases sharply in March. The rebound suggests consumers may help boost growth again in the April-June quarter.
In this April 24 photo Baltimore's Harbor East shopping district is reflected in a retail store's window display. Americans increased their spending in April at retail businesses, buying more cars and clothes after cutting purchases sharply in March. The rebound suggests consumers may help boost growth again in the April-June quarter.
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A record-breaking rally in stocks paused Monday as investors assessed whether the rise in stock valuations overstated the recent improvement in the economy.

The latest positive data, out Monday, showed that Americans increased spending at retailers last month. That suggests that consumers may boost economic growth in the current quarter ending June 30. Still, that wasn't enough to lift shares.

"What we have seen is a huge rally, and there aren't any stones unturned at this point," said Alec Young, global equity strategist at S&P Capital IQ. "You reach a point where investors aren't ...

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