Stocks retreat from highs; Netflix shares fall

Stocks pulled away from their record heights Monday.

- By Stan CHOE

The Standard & Poor's 500 index fell 23.89 points, or 0.3%, to 6,846.51 for just its second loss in the last 11 days, but it remains within 0.6% of its all-time high set in October. The Dow Jones industrial average dropped 215.67 points, or 0.4%, to 47,739.32 and the Nasdaq composite slid 32.22 points, or 0.1%, to 23,545.90.

Berkshire Hathaway weighed on the market and fell 1.4% after announcing a shakeup of some of its top leadership. Todd Combs, who had been chief executive of the company’s Geico insurance business, is leaving for a job at JPMorgan Chase, while Chief Financial Officer Marc Hamburg will retire next year.

Netflix dropped 3.4% after Paramount announced a bid in hopes of trumping Netflix’s deal to buy Warner Bros., which was announced last week.