NEW YORK (AP) — After eight straight weeks of gains, the stock market pullback long anticipated by investors may have arrived. Stocks fell Tuesday, dragged lower by the Detroit automakers and consumer-focused companies such as GameStop and Amazon.com. The market could be headed for its first weekly decline since early October, putting at risk a remarkable rally that has sent indexes to record highs.
The declines do not come as a surprise to large investors, many of whom have predicted a pullback. The Standard & Poor’s 500 index has surged 26 percent in 2013.