Wall Street held steady around record high levels following its latest weekly gain.
The S&P 500 slipped 0.1%, weighed down by losses in tech stocks including Microsoft $MSFT and Apple $AAPL. The Nasdaq $NDAQ composite lost 0.3% after flirting with its all-time closing high earlier in the day. The Dow Jones Industrial Average added 0.3%, surpassing the record high it set last week.
Diamondback Energy $FANG rose sharply after saying it would buy Endeavor Energy Resources. The next big event for the market could be Tuesday’s update on U.S. inflation, which economists expect to show a drop back below 3%. Treasury yields were stable.
On Monday:
The S&P 500 fell 4.77 points, or 0.1%, to 5,021.84.
The Dow Jones Industrial Average rose 125.69 points, or 0.3%, to 38,797.38.
The Nasdaq composite fell 48.12 points, or 0.3%, to 15,942.55.
The Russell 2000 index of smaller companies rose 35.27 points, or 1.8%, to 2,045.26.
For the year:
The S&P 500 is up 252.01 points, or 5.3%.
The Dow is up 1,107.84 points, or 2.9%.
The Nasdaq is up 931.19 points, or 6.2%.
The Russell 2000 is up 18.18 points, or 0.9%.