Monday Stock Market Update
The Dow Jones Industrial Average fell, but S&P 500 and the Nasdaq Composite posted gains on Monday, according to CNBC.
- The Dow Jones Industrial Average fell 86.11 points, or 0.31 percent, to close at 27,844.91.
- The S&P 500 gain 0.30 percent to close at 3,381.99.
- The Nasdaq Composite rose 1 percent to close at 11,129.73.
The S&P 500 closed just short of its February 19 record. “The S&P 500 is overbought into key resistance and up against seasonal headwinds,” said one analyst. should the market “consolidate from here, we’ll be monitoring for an accumulation of cyclical equities to confirm what we expect to be a breakout to a new high.”
Shares of Barrick Gold surged 12 percent after Berkshire Hathaway disclosed a stake in the company. Big tech gained Amazon, Alphabet, and Microsoft at least 0.6 percent, respectively.