On Monday, the Dow Jones Industrial Average pulled back as traders paused following a recent rally that pushed the major U.S. stock benchmarks to record highs.
The 30-stock average declined by 72 points, or 0.2%, while the S&P 500 and Nasdaq Composite saw slight decreases of 0.1% and 0.2% respectively.
Apple experienced a drop of over 2% after being hit with a significant European Union antitrust fine totaling nearly $2 billion. The EU’s regulatory body criticized the tech giant for leveraging its dominance in the music streaming distribution sector.
Meanwhile, Lyft shares surged by almost 6% after receiving an upgrade from sector perform to outperform by RBC. Super Micro Computer and Deckers Outdoor saw substantial gains of around 18% and 3% respectively, following the news that they will be added to the S&P 500 index later this month by S&P Dow Jones Indices.
Source (CNBC)
