On Monday, the S&P 500 set a new record as investors awaited the next round of major company earnings to determine whether they could continue to drive the market to new heights.
While the Nasdaq Composite increased by 0.9%, the broad market index increased by 0.8%. By 0.5%, the Dow Jones Industrial Average trailed behind.
The 30-stock Dow was under pressure as Caterpillar’s stock fell 2% after Morgan Stanley downgraded it.
McDonald’s and UnitedHealth Group, on the other hand, drove the Dow higher. The best-performing sector in the S&P was technology, which kept rising.
Source (CNBC)
