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NEW YORK (AP) — Stocks fell for the first time in seven days, ending a run that had pushed the indexes to all-time highs, as investors assessed corporate news.

Chemical company FMC fell the most in the Standard & Poor's 500 index after cutting its earnings forecast for the second quarter due because its Agricultural Solutions unit performed worse than expected in the period. General Electric and Wisconsin Energy both dropped after announcing acquisitions.

The stock market has climbed steadily in the last two months amid signs that the economy has recovered its momentum after being disrupted by an unusually harsh winter. Stronger growth should translate into higher corporate profits.

"The market has had a good run and it needs to pause," said Peter Cardillo, chief market economist at Rockwell Global Capital.

The S&P 500 fell a fraction of a point, or less than 0.1 percent, to 1,962.61. The index closed at a record 1,962.87 on Friday. The Dow Jones industrial average dropped 9.82 points, or less than 0.1 percent, to 16,937.26. The Nasdaq composite index edged up 0.64 point, or less than 0.01 percent, to 4,368.68.

FMC dropped $3.65, or 4.9 percent, to $71.10 after the company lowered its earnings forecast for the second-quarter, saying that the impact of the cold winter had been much stronger than it had originally anticipated.

Investors were also watching deal news that produced both winners and losers.

General Electric dropped 29 cents, or 1.1 percent, to $26.68 after agreeing to acquire most of the power generation business belonging to Alstom, a French company. Wisconsin Energy fell $1.62, or 3.5 percent, to $45.27 after the company said that it was buying Integrys Energy for $5.8 billion.

Intergrys was among the winners. The company's stock jumped $7.40, or 12.1 percent, to $68.35 on the news.

Micros Systems also gained on deal news. The software company's stock rose $2.21, or 3.4 percent, to $67.98 after Oracle said it was buying the company for about $5.3 billion.

The stock market may be heading for a summer lull after its latest record-setting run, as investors wait for more confirmation that the economic outlook is improving, said Scott Wren, a senior equity strategist at Wells Fargo Advisors. The S&P 500 is up 6.2 percent for the year after trading mostly sideways for the first three months of the year.

"After the big run we've had over the past couple of months, a week or two of consolidation isn't anything out of the ordinary," said Wren.

In government bond trading, prices edged lower. The yield on the 10-year Treasury note, which moves in the opposite direction to its price, rose to 2.62 percent.

The price of oil fell 66 cents, or 0.6 percent, to $106.17 a barrel.

Among other stocks making big moves:

Lululemon rose $1.02, or 2.5 percent, to $41.25 after The Wall Street Journal reported that the company's founder was working with Goldman Sachs to shake up the yoga clothing company's board. Lululemon's stock is down 30 percent this year as the company works on improving its business since pulling one of its popular yoga pants from stores last spring because they were too sheer.

The political food fight over rolling back school nutrition standards is at an impasse for the moment. But advocates on both sides aren't backing off, and there are new players in the game.

When First Lady Michelle Obama spoke up up to question proposals that would relax requirements — such as the mandate that kids take a fruit or vegetable with their lunch — she had by her side James Perrin, the president of the American Academy of Pediatrics.

"Children typically consume up to half of their daily calories in school," Perrin said, so it's important that they get high-quality calories at school. "Rolling back the standards is the wrong choice for children" he said — a choice that would "put politics ahead of science."

The First Lady's push on this issue has helped put the School Nutrition Association association on the defense. And SNA leaders are asking to meet with the administration to better explain their specific requests for schools, in terms of more time and flexibility in meeting the new standards.

Now leaders of the National School Board Association are weighing in with their concerns over what they say is "federal overreach on school meals." (The NSBA has previously stated its concerns about the cost of implementing the standards for a few months now.)

School board members from New York, Alabama and Pennsylvania told reporters they need "greater local flexibility rather than the trend towards top down federal requirements" to implement the Healthy, Hunger Free Kids Act.

But the First Lady says now is not the time to turn back the standards that have already been passed into law.

She points out that over 90 percent of schools report that they are successfully meeting — or are in the process of meeting — the updated nutrition standards.

And as for the complaints that some kids just won't eat their vegetables, it's not surprising that some kids resist, at least at first. "We just didn't expect the grown-ups to go along," Mrs. Obama said June 18 at a small roundtable discussion with reporters at the White House.

As we've reported, the U.S. Department of Agriculture, which oversees the school feeding programs, has offered technical assistance and grants to schools that are having trouble making changes in their cafeterias.

And, along the way, Agriculture Secretary Tom Vilsack has tried to dispel what he says are myths about the HHFKA. Here are a few:

Myth 1: Kids are not eating more fruits and vegetables. Vilsack says that's not accurate. Specifically, "a recent Harvard study has concluded that, under the updated standards, kids are now eating 16 percent more vegetables and 23 percent more fruit at lunch" compared to before the HHFKA was implemented, according to the USDA fact sheet.

Myth 2: Schools Are Losing Money. The SNA says about one million fewer kids are buying school lunch, which is leading to economic hardship. But Vilsack says, though some districts may be struggling, the system as a whole is seeing more revenue. In fact, a USDA analysis suggests that in the first year after implementation, schools saw a net nationwide increase in revenue from school lunches of approximately $200 million.

Myth 3: The new nutrition standards are leading to more plate waste. As we've reported, some school food directors are reporting that students are tossing away foods they don't want to eat. But the USDA says there's no evidence that plate waste has increased. The agency points to a recent study by the Harvard School of Public health that showed the new school meal standards did not result in increased plate waste.

June 23, 2014 3:39 PM ET

Remember last week when President Obama said he planned to send up to 300 military advisers to Iraq?

Well, the U.S. couldn't do it until the Iraqi government gave U.S. soldiers immunity from prosecution, through what's called a "diplomatic note." If those U.S. soldiers committed any crimes or had any legal troubles while advising Iraqis, the U.S. wanted to handle any prosecutions.

Here's what Pentagon spokesman Rear Adm. John Kirby had to say today:

"Many of you have asked today about the status of legal protections for the small number of military advisors that will be working inside Iraq.

"I can confirm for you that Iraq has provided acceptable assurances on the issue of protections for these personnel via the exchange of diplomatic note. Specifically, Iraq has committed itself to providing protections for our personnel equivalent to those provided to personnel who were in country before the crisis. We believe these protections are adequate to the short-term assessment and advisory mission our troops will be performing in Iraq. With this agreement, we will be able to start establishing the first few assessment teams."