Stocks pulled back sharply in New York yesterday, blocking a Nasdaq run at 5,000, as investors locked in some of last week's big gains. On Wall Street, the Dow Jones Industrial Average slid 196.70 to 10,170.50 after gaining 505 points last week.

The Nasdaq composite index turned lower near the close after rising as high as 4,980.14 around midday, flirting with the 5,000 mark just two months after it first crossed 4,000 and four months after it passed 3,000. Other broad-market indexes were mixed. The Standard and Poor's 500 fell 17.89 to 1,391.28, and the Nasdaq composite index fell 9.94 to 4,904.85.