US shares ease from five-year heights

US shares have pulled back in opening trade after reaching five-year peaks in light trade on Friday.

Little direction was seen in the market, with traders "waiting to be moved by something", said Patrick O'Hare of Briefing.com.

Five minutes into trade on Monday the Dow Jones Industrial Average was down 31.06 points, or 0.22 per cent, at 13,961.91.

The S&P 500 index fell 2.01 points, or 0.13 per cent, to 1,515.92.

The tech-rich Nasdaq Composite Index lost 2.87 points, or 0.09 per cent, at 3,191.00.

Google shares fell 0.8 per cent to $US779.30 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 $US2.5 billion ($A2.4 billion), over the next year.

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