Wall Street Indices Hover Near Record Levels
As US stock markets started the new week with a mixed trend, the S&P 500 and other major indices remained near all-time highs.
While major US stock market indices started the week with mixed results on Wall Street, the market continued to hover near all-time highs. The S&P 500 dropped by 0.1 percent.
Mixed Trend in Markets
As Wall Street started the new week with a mixed close, major US stock market indices continued to stay near record levels.
Performance of the Indices
The S&P 500 fell 0.1 percent following its record-breaking run last Tuesday. The Dow Jones index rose 0.4 percent, while the Nasdaq dropped 0.4 percent.
Technology and Energy Stocks
While shares rose in about 64 percent of S&P 500 companies, major technology companies lost value. Alongside rising oil prices, energy stocks posted significant gains.
Upcoming Data and Expectations
Investors are awaiting the consumer price index, producer price index, and retail sales data, as well as the corporate earnings reports of major banks.