Wall Street Market Update
Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting.
The Dow Jones industrial average gained about 40 points, closing at a new record high, with Johnson & Johnson contributing the most gains.
The S&P 500 fell 0.1 percent, after briefly hitting an all-time high, with a 0.9 percent decline in financials offsetting gains in telecommunications. The Nasdaq composite underperformed, falling 0.6 percent.
The S&P 500 fell 2.57 points, or 0.11 percent, to end at 2,256.96, with financials leading five sectors lower and telecommunications leading advancers. The Nasdaq composite dropped 31.96 points, or 0.59 percent, to close at 5,412.54.
Stocks closed mostly lower on Monday despite oil prices soaring as Treasury yields spiked ahead of a key Federal Reserve meeting.
The Dow Jones industrial average gained about 40 points, closing at a new record high, with Johnson & Johnson contributing the most gains.
The S&P 500 fell 0.1 percent, after briefly hitting an all-time high, with a 0.9 percent decline in financials offsetting gains in telecommunications. The Nasdaq composite underperformed, falling 0.6 percent.
The S&P 500 fell 2.57 points, or 0.11 percent, to end at 2,256.96, with financials leading five sectors lower and telecommunications leading advancers. The Nasdaq composite dropped 31.96 points, or 0.59 percent, to close at 5,412.54.
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