US shares ease from 5 year heights

NEW YORK: US shares pulled back in opening trade Monday after reaching five-year peaks in light trade on Friday.Little direction was seen in the market: traders are "waiting to be moved by something," said Patrick O'Hare of Briefing.com.

Five minutes into trade the Dow Jones Industrial Average was down 31.06 points (0.22 percent) at 13,961.91.

The S&P 500 index fell 2.01 (0.13 percent) to 1,515.92, while the tech-rich Nasdaq Composite Index lost 2.87 (0.09 percent) at 3,191.00.

Google shares fell 0.8 percent to $779.30 after the company revealed on Friday that Chairman Eric Schmidt plans to sell 3.2 million of his "A" shares in the company, currently worth $2.5 billion, over the next year.