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U.S. stocks declined on Monday, as concerns about economic growth around the world and geopolitical uncertainty had investors retreating after a fifth week of gains lifted the S&P 500 to a record, with the Dow Jones Industrial Average not far behind.
"Worries about growth globally and of course geopolitical tensions, with the president's speech on Wednesday, that has investors on edge," said Alan Skrainka, chief investment officer at Cornerstone Wealth Management.
President Barack Obama is scheduled to address the nation a day after meeting with congressional leaders on Tuesday to lay out his plan to combat Sunni extremists of Islamic State.